The UK housing market is currently painfully slow because of oversupply, while the rental market is seeing exceptionally high demand.
According to the latest Nationwide Monthly House Price Index, house prices fell by 0.5% in July on the back of weak buyer demand.There is no sense in Landlords having their properties sit empty as they try to sell in a painfully slow moving market, whilst there is a huge shortage of rental properties.
However, Landlords should take fast action as traditionally, rental property stocks peak in the autumn, and "reluctant landlords" who entered the rental market because they have been unable to sell, should noite that recent improvements in the mortgage market could enable them to release equity in their properties while keeping their old homes as buy-to-let investments.
According to the latest Buy-to-Let Index from LSL Property Services, the average UK rent rose 1% in June, to £673 per month, taking the annual gain to 3.2%, or £23 more than a year earlier. London saw a 1.9% surge, to £942
