Savills states that new years are often surrounded by optimism regardless of actual conditions, especially during a market down cycle. So why is 2024 different, and is it a good time to buy-to-let a property?
They state that there is ‘more conviction in expectations of a recovery in 2024 than existed at the beginning of last year’ for several reasons.
Firstly, they firmly believe that there will be more buyers this year. Compelling signs of recovery will draw investors back quickly, hoping to catch the property market at its lowest point and net the most significant possible returns. According to market expectations regarding inflations, growth, and interest rates, the market nadir ‘could already be behind us’, suggesting that more buyers will flock to the real estate market before prices start rising.
Learn More: For insights into the UK’s top investment locations, take a look at our guides to the best rental areas in London or Edinburgh investment properties.