Is Buy to Let running out of steam?
Is 'Buy to Let' running out of steam?
The latest RICS Lettings Survey suggests that many Landlords are now finding themselves squeezed between two worrying trends. Firstly, rising interest rates are seeing significant costs increases for those who are highly geared and, secondly, gross yields for rental properties are falling. The combination of increased overheads and reduced income is causing more “Buy to Let” landlords to put their properties on the market than has been the case for the past two years. However, as always, there are both winners and losers because with more supply on the market due to the rush to avoid the up-front cost of HIPs there are signs that the market in general is less tight for buyers.
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