If we believe all we read then Britain is in the grip of a buy-to-let boom! In the past five years, the number of homes bought by Landlords to rent out as investments has more than doubled and we’re told one is being snapped up every five minutes…..really?
There is no doubt tenant demand outstrips supply, and the result of the election looks as if the UK property market is set for further growth due to the stability it brings………….. Great news for Landlords but where are the properties for all these new investors to buy?
In the South Manchester/North Cheshire area in which we operate, new build stopped abruptly with the property crash in 2008 and it is only now that we are seeing the re-emergence of newly built homes in this area, and from what I can see in the main they are tending to be family detached properties not the 2 and 3 bedroom properties tenants crave.
So I’m sorry Mr Landlord you may have to wait a bit longer for those landlord desirable properties to arrive on the scene but where there is a demand there will be a supply – watch this space.