virtuocity
Tour Winner
As the title suggests- thinking about dabbling in the BTL market. Not looking to make a wage, just a means of covering (there or thereabouts) a mortgage on a property. Is this still a reasonable investment?
Buy to Let- still a market?
- Thread starter virtuocity
- Start date
fundy
Ryder Cup Winner
Non expert opinion:
Well its definitely got harder than it was, yields are tighter and tax is more punitive. Rates on mortgages (and esp fees) have risen a little. Short term with little capital appreciation expected you need to be very selective on the type and location of property you buy. Medium to longer term it has been a proven investment, whether this continues depends greatly on where you see house prices (and rents) going. What impact is Brexit going to have on the property market in the short/medium term? What impact would a labour government have? Where are interest rates going, will they revert to historic levels or will they stay at the more recent low levels. Property prices compared to wages is at a high level compared to historical levels so some price correction wouldnt be a huge surprise, especially with the current political back drop in this country, especially if Brexit were to curb demand at least in the short term.
Personally I think property is still a decent investment for the longer term, but I wouldnt be looking to buy currently, would wait and see what happens politically over the next year or two before looking to find a better entry point.
Well its definitely got harder than it was, yields are tighter and tax is more punitive. Rates on mortgages (and esp fees) have risen a little. Short term with little capital appreciation expected you need to be very selective on the type and location of property you buy. Medium to longer term it has been a proven investment, whether this continues depends greatly on where you see house prices (and rents) going. What impact is Brexit going to have on the property market in the short/medium term? What impact would a labour government have? Where are interest rates going, will they revert to historic levels or will they stay at the more recent low levels. Property prices compared to wages is at a high level compared to historical levels so some price correction wouldnt be a huge surprise, especially with the current political back drop in this country, especially if Brexit were to curb demand at least in the short term.
Personally I think property is still a decent investment for the longer term, but I wouldnt be looking to buy currently, would wait and see what happens politically over the next year or two before looking to find a better entry point.
Similar threads
