Romans says one in four of its registered buyers in the first half of this year has been an investor, suggesting the buy to let market is in good shape despite deterrents like the three per cent additional homes stamp duty surcharge.
The agency says this supports the data produced by HMRC this month suggesting that the number of investment property transactions increased by three per cent in the last quarter.
Romans also cites a survey undertaken by Direct Line for Business which found that over a third of landlords felt positive that house prices would increase and over a quarter felt the same about rental prices.
“Investors appear to have realised that the substantial returns on offer in the property market far outweigh the initial costs, including an increased stamp duty tariff. With tenant demand remaining extremely high across the South East and buy-to-let mortgage interest rates as low as 1.7 per cent, conditions are perfect for landlords” says Romans’ lettings managing director, Michael Cook.
“The increased concern around prosecution and fines has led to an increase in landlords utilising our fully managed service, a trend seen across the country with the National Landlords’ Association reporting a seven per cent in the number of landlords using a letting agent” he adds.
Opposition is growing fast to the threat of another stamp duty...
Over two thirds of landlords are reluctant to invest in new...
Three years after the introduction of the second homes stamp duty...
Perhaps unsurprisingly, a survey reveals that most buy to let and...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Jump to latest comment and add your reply
Romans tinted spectacles
Please login to comment