Spring Investment Market Update
Our February investment update discussed the anticipation of the stamp duty increases that were due to kick in on 1st April and the last minute surge of investors that we were experiencing who were trying to secure their property purchase before the additional 3% tax deadline.
Now that the new legislation is in place, recent data from Rightmove suggests that interest in new purchases from buy-to-let investors has dropped resulting in less competition for smaller properties and a more competitive market.
The current decline in buyers means that there are some great value properties around at the moment which could offset the cost of the extra stamp duty making this a great time to buy if you are considering an investment property.
The highest demand for rental properties remains in the South and East of England and this together with an increase in average asking rents and healthy yields makes this a great time for Landlords in our area.
In the last seven days, the Michael Jones Lettings Teams have taken on the most new rental instructions in our area and agreed the most lets.
If you would like any further information on the local rental market or are considering investing in a buy-to-let property, we would be happy to discuss your requirements and give you exclusive access to available investment properties.
You can contact our Lettings Manager Jo Stockton in the Worthing Lettings office situated on Chapel Road on 01903 213111 or email email@example.com.
Content accurate at time of publishing.