Experience Invest Looking into the Future
Welcome to the unofficial Experience Invest UK Property blog. In light of Brexit and the new tax reforms for landlords, many property investors are worried about the future of the UK property market. With new challenges facing residential investors in buy-to-rent housing as well as those who invest in alternative housing investment such as student housing, Experience Invest's Jerald Solis and mortgage guru Ray Boulger, provide their insights and give their commentary to allay many of these concerns and give a quick and easy guide on the steps that any interested property investor must do if he is to maintain a successful property portfolio.
According to Experience Invest's own Jerald Solis, Brexit has not been the negative story that everybody would have you believe. There is, certainly, from the property market's perspective, a lot of positives. With regards to the initial impact, there was a dip. But in terms of the currency fluctuations, the devalued pound has made UK property more appealing to overseas investors.The new tax changes will inevitably affect landlords. It may push them into the higher income bracket. So, from their own personal tax perspective, it will cost them more. Mortgage guru Ray Boulger noted how landlords are increasingly having to comply with more and more legislation they are being hit with higher taxes, both the 3% stamp duty surcharge and the higher income taxes. So, the government is putting much more onus on landlords to do more. That makes it more difficult. This is why before getting on the buy-to-let game, landlords need to fully understand what their obligations are.
Property has been a really good investment for many years now in the UK. On the basis that demand looks like exceeding supply for some time, there is every reason to think that will continue. The property sector will undergo changes throughout different market conditions. Some of the most favoured ones that Experience Invest carries in its inventory are student accommodations, buy-to-let, residential and care homes. All of these are regarded as stable property investments. Predominantly, the only way to really ensure stability is to make sure that you bought in the right area and that you have done due diligence.
It cannot be stressed enough how important it is to seek professional advice. Going to a consultancy like Experience Invest will put you in a good stead. You need to understand your motivations behind the purchase. You also need to have done your homework on the actual type of property that you want to invest in. You also need to ask as many questions as possible. Read up on our latest developments on our Think Luton page.
Investors and landlords need to take a look at the changing landscape of the property investment market in the UK. They also need to seek proactive advice that they can then act upon to ensure that they can successfully safeguard their rental returns. To get more tips on how to go about investing in property in the UK, read Experience Invest reviews on Feefo. Like us on the Experience Invest Facebook page and keep up to date with our latest UK property news.
