First time investors and buy to let – is now the right time?
Choosing the right moment to make an investment is an important part of enjoying financial success, whether you opt for stocks, houses or cryptocurrencies. Political factors such as Brexit can be strong influencers on people’s decision about when is the right time to invest. As such, the delay to the UK’s departure from the EU has given many investors breathing room to consider where they would like to invest in the UK’s buy to let sector, without feeling unduly rushed.
For first time investors in buy to let homes, having the time to take the process at their own pace is particularly important. Buy to let can be a profitable and satisfying way to make your money grow, but not every property investment is equal. As such, those who have never invested in residential accommodation before need to be certain that they have identified all of the considerations that they need to.
There are plenty of factors pointing to the resilience of the UK housing market right now and a stable market makes a good starting point for those who are new to buy to let. The April 2019 Rightmove House Price Index highlights a 1.1% rise in new seller asking prices – the biggest such uplift since March 2018 and the highest spring moving season uplift since April 2016.
