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Spring Confidence Boosts UK Buy-to-Let Investment Activity

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    Considering investing in property in the UK? The latest Asking Price Index paints an optimistic picture of the UK property market following a subdued period for property investment. There is a surplus of pent-up demand and plenty of positive signs that activity will explode over the next 12 months.

    So, what is buy-to-let property going to look like this year? Let’s look at what has to say in more detail.

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      What Does the Property Market Look Like According to

      The property market faced challenges in 2023, causing many potential buyers to wait and see. Consequently, some of this pent-up demand may surface this year.’s Asking Price Index for February indicates cautious optimism among vendors and expectations of increased demand. Asking prices have risen slightly by 0.2% across England and Wales since last month, though they’re down by just 0.1% compared to February 2023.

      Stock levels remain relatively low compared to pre-COVID years, supporting prices. England and Wales’s total unsold property count is 440,674, around 16,800 more than last month, aligning with seasonal expectations.

      While home market values didn’t grow overall in 2023, a return to capital appreciation seems likely. Northern regions, Wales, and Scotland are leading in this regard.

      Typical Time on Market figures are consistent with pre-COVID years, with significant reductions expected in March and April.

      Regionally, the North of England, Scotland, and Wales are thriving, surpassing pre-COVID activity levels, correlating with positive annualised price growth. Greater London, the South East, and South West are also improving, indicating potential price growth. The East of England and the Midlands are expected to follow suit soon.

      Unsurprisingly, North England is thriving regarding activity – these regions regularly boast below-average asking prices and attractive yields. Savills suggests that the North West buy-to-let market will see returns of 9.2% in 2024, while Zoopla’s research shows that nine out of 10 areas in the UK for high yields are all in the northern regions.

      For More Information: Looking for more insights? Be sure to check out our guides on buying a house in the UK as a foreigner and buying property as a limited company.

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      What Did Say About the UK Rental Sector?

      All regions except Greater London are experiencing positive annualised growth in asking rents. However, oversupply in Greater London has led to a 3.4% year-on-year decrease in the mix-adjusted average. Longer marketing times in the South East, East of England, East Midlands, and Scotland suggest that significant growth is unlikely in these areas.

      Currently, UK asking rents are 3.9% higher than in February 2023. These figures are expected to rise further, with Savills suggesting the rental growth will reach 6% by the end of 2024, meaning buy-to-let property investments could become more lucrative this year.

      The annualised mix-adjusted average asking price growth across England and Wales is now 0.1%. In February 2023, home prices were increasing annually at 1.3%.

      Explore the UK property market in greater detail with our buy-to-let area guides:

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      Dale Barham

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      Dale is a property content writer at RWinvest. Keeping a close eye on the UK property market, Dale helps our readers stay informed and up to date on the latest market news and statistics.