Last Updated: 26/05/2016
Interest rates remain at a historical low which is great for home buyers, but not so great if you are looking at getting a return on your savings. Buy-to-let investments have continued to surpass all other major asset classes according to the latest PPRMI buy-to-let index from Property Partner - with returns on property overtaking other forms of investments such as shares, bonds and cash.
Rob Weaver said: “Total returns for residential property crept up to 9.6% in the year to March, as investors rushed to beat April’s stamp duty deadline. “This was especially true of London, where annual returns were in double digits, reaching an eye-watering 16.5%. The East was strong too.”
“Investors are understandably showing caution ahead of the EU referendum. But the fundamentals – high employment, wage growth, cheap borrowing and the chronic shortage of supply – remain in place and are positive,” Weaver added.
If you would like to find out more about investing in property or expanding your buy-to-let portfolio, or you would simply like some advice about the new changes then why not pop into your local branch of Hawes and Co or call our team on 0208 946100.
Source: Buy to Let Landlord