As for the question ‘is buy to let still a good investment in 2021?’, there’s no question when it comes to house prices.
If you’ve been keeping up with the UK housing market over the past year, you’ll know that average property prices are skyrocketing.
This house price growth may not be good news for first-time buyers looking to get their foot on the property ladder, but for buy to let investors, it signals a lucrative investment.
By investing in buy to let property right now, you’ll be able to purchase properties at affordable rates before even further property price growth comes into effect.
Just look at the predictions from Savills on how the UK property market is set to perform over the coming years.
As the graph shows, by 2025, UK house prices are predicted to grow by 21.5% on average. In the North West, property prices are set to increase even higher with 28% growth.
Over the past year, record-breaking house price growth rates have hit the UK, making now the best time to invest in the buy to let market.
Securing the highest rental yields is crucial if you want to get the most out of your buy to let investment.
The more rental income you can generate, the better. But is buy to let a good investment right now when it comes to rental yields?
Thankfully, rental yields in the UK are at some of their highest levels – a major reason to invest in buy to let in 2021 and 2022.
The buy to let hotspot cities of recent years, like Liverpool and Manchester, offer some excellent rental yields with no sign of a rental market slowdown.
Buy to let property for sale in Liverpool right now, such as our popular project, ELEMENT – The Quarter, offer NET rental yields of 8%.
Recent data has also revealed that the time it takes for landlords to rent out a property has fallen drastically, which means demand is higher than ever.
In April 2019, it took landlords an average of 31.9 days to rent out a property, while in 2021, it’s taking just 8.9 days on average.
If you’re investing in property through a property investment company but wondering how to buy a buy to let property, the process may surprise you.
Unlike when investing in some other asset classes, buying a buy to let property in this way is simple.
The property investment company you work with can take the hassle out of the process by connecting you with the best opportunities, helping with solicitors, and assisting with each stage of the buying process.
Payment plans are also available to help investors who don’t have the full sum of cash available secure their investment.
If making passive income is one of your main motives for getting started with buy to let, you’ll be glad to know that buy to let is actually one of the best ways to make passive income.
That’s because it’s possible to make income from your investment without having to get involved with time-consuming commitments.
Hiring a rental management company to help you run your rental property is the best option for this.
This means you can make passive income from your buy to let purchase without any landlord duties.
There are so many great rental management companies that take the hassle out of managing a buy to let investment.
If you’re working with a property investment company to buy your buy to let property, the company you invest with will often recommend quality rental management companies to help you manage your investment.
If you’re asking, ‘is buy to let worth it or shall I explore easier options?’, you can rest assured that buy to let has the potential to be just as hands-off as any other venture.
1. Property Values Are Growing Fast
As for the question ‘is buy to let still a good investment in 2021?’, there’s no question when it comes to house prices.
If you’ve been keeping up with the UK housing market over the past year, you’ll know that average property prices are skyrocketing.
This house price growth may not be good news for first-time buyers looking to get their foot on the property ladder, but for buy to let investors, it signals a lucrative investment.
By investing in buy to let property right now, you’ll be able to purchase properties at affordable rates before even further property price growth comes into effect.
Just look at the predictions from Savills on how the UK property market is set to perform over the coming years.
As the graph shows, by 2025, UK house prices are predicted to grow by 21.5% on average. In the North West, property prices are set to increase even higher with 28% growth.
Over the past year, record-breaking house price growth rates have hit the UK, making now the best time to invest in the buy to let market.
2. Rental Yields Are High
Securing the highest rental yields is crucial if you want to get the most out of your buy to let investment.
The more rental income you can generate, the better. But is buy to let a good investment right now when it comes to rental yields?
Thankfully, rental yields in the UK are at some of their highest levels – a major reason to invest in buy to let in 2021 and 2022.
The buy to let hotspot cities of recent years, like Liverpool and Manchester, offer some excellent rental yields with no sign of a rental market slowdown.
Buy to let property for sale in Liverpool right now, such as our popular project, ELEMENT – The Quarter, offer NET rental yields of 8%.
Recent data has also revealed that the time it takes for landlords to rent out a property has fallen drastically, which means demand is higher than ever.
In April 2019, it took landlords an average of 31.9 days to rent out a property, while in 2021, it’s taking just 8.9 days on average.
3. It’s Easy to Get Started
If you’re investing in property through a property investment company but wondering how to buy a buy to let property, the process may surprise you.
Unlike when investing in some other asset classes, buying a buy to let property in this way is simple.
The property investment company you work with can take the hassle out of the process by connecting you with the best opportunities, helping with solicitors, and assisting with each stage of the buying process.
Payment plans are also available to help investors who don’t have the full sum of cash available secure their investment.
4. It’s a Great Way to Make Passive Income
If making passive income is one of your main motives for getting started with buy to let, you’ll be glad to know that buy to let is actually one of the best ways to make passive income.
That’s because it’s possible to make income from your investment without having to get involved with time-consuming commitments.
Hiring a rental management company to help you run your rental property is the best option for this.
This means you can make passive income from your buy to let purchase without any landlord duties.
There are so many great rental management companies that take the hassle out of managing a buy to let investment.
If you’re working with a property investment company to buy your buy to let property, the company you invest with will often recommend quality rental management companies to help you manage your investment.
If you’re asking, ‘is buy to let worth it or shall I explore easier options?’, you can rest assured that buy to let has the potential to be just as hands-off as any other venture.
