In this episode of The Investors Corner we delve into the rising trend of landlords increasing rents, the hurdles tenants encounter, and how different market dynamics are shaping property investment.
Topics discussed on this week's episode 👇
Increasing Rents 📈:
Georgina sheds light on the startling fact that around 75% of landlords are on track to increase their rents by the end of the current year.
The underlying factors contributing to this escalating trend are explored.
Impact of Mortgage Rates 🏦:
A ripple effect is observed as high mortgage rates are compelling more individuals to extend their rental agreements, which in turn is driving up rental prices.
Section 24 Tax Relief 📜:
The episode elaborates on how Section 24 tax relief is impacting landlords, particularly how it's leading to taxation on their entire rental income.
Rising Interest Rates 📊:
Rising interest rates pose a challenge for landlords, compelling them to augment rents as a countermeasure.
Property Market Insights 🌐:
Georgina articulates on the oversaturation of flats in the market, the burgeoning demand for new homes, and a noticeable uptick in cash buyers.
Affordability and Inflation 💰:
The dialogue extends to the forces influencing affordability, the inflationary pressures, and the regional salary disparities.
Tenant Preferences 🏠:
Georgina shares insights on the ideal tenant profile, expressing a proclivity for families and pet-friendly tenants.
Challenges for Tenants 🚪:
The episode empathizes with tenants, discussing the uphill battle they face with rent increments and the anxieties of missing out on desirable properties.
Opportunities for Investors 🛒:
Lastly, the discussion pivots to how the prevailing market conditions are carving out lucrative opportunities for cash buyers and property investors to snag bargains.
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Your hosts are Andy Brown, Ian Macbeth & Mike Robson
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