Maximize Profits in 2024: How Lower Property Prices and Increased Rents Boost Buy-to-Let Appeal

New Property Opportunities Falling Property Prices And Higher Rents Make Buy-to-Let More Attractive In 2024

In recent years,
the landscape for buy-to-let investors and property owners has posed
significant challenges, marked by soaring interest rates and escalating energy
expenses. The introduction of Section 24, elimination of wear and tear allowances, heightened stamp
duty, and increased regulatory measures have collectively burdened buy-to-let
investors, necessitating adaptation to a shifting and demanding market
environment.

Property prices
peaked, then fell back as interest rate rose, and this year rents have gone
through the roof as demand exceeds supply.

Rents have
reached record highs in most parts of the UK, and of course landlords are
getting the blame.

Landlords have had to pass on the costs that the government have
imposed on them with legislation such as section 24. The policies of the
treasury and central banks have caused economic chaos, higher interest, rates,
higher energy costs, and a shortage of properties, none of which are the
landlords fault. 

But could 2024
be the turning point for property investors?

Prices have fallen in some areas by as much as 20% while rents have doubled over the last
few years, all of which is making buy to let investing look more attractive
than it has done for three years.

In one area I’ve
been looking at, three bed council house, which was selling for as much as
£180,000, can now be picked up for £150,000 or less.

At the same
time, rents have increased in a few short years from £600 per month to £1200
per month. 

Even with
mortgages at five or 6%, buy to let investing is looking more
attractive.

Prices could fall again in 2024, as economy slows and 2 million people reach the end of a low fixed rate mortgage. 

Lloyds bank and Blackrock are already circling in the sky, waiting to pounce on cheap property.

Mortgage arrears up by 44% on a year ago to £18billion and the Bank of England has issued a warning.

For Lloyds bank, which is probably the largest lender in the UK, it seems like a conflict of interest to be both repossessing Properties, and buying
them through another arm, although we don’t know if that is their intention.

Interest rates
should start falling over the next five years as the economy goes into
recession and inflation comes down to normal levels. This will make mortgages
cheaper offering better profits for landlords.

I think there will be a lot of opportunity in 2024 for the wise investor who is prepared to be patient and seek out good deals.

If you’re affected by section 2024 and would like to know more about the background to
this landlord tax and how best to deal with it, click here
for more information.

See: – Transfer
Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA ⁠

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