Property remains a sound investment for landlords due to a continuing rise in property values and strong rental yields.

According to the latest Halifax house price index, house prices rose in August and are rising at a steady rate.  

This is good news for landlords, who have had to absorb a series of measures introduced by the government which aim to slow the growth of the buy-to-let market. These measures include restrictions on mortgage interest tax relief, which are being phased in, an extra 3% stamp duty payable when purchasing second homes, and the abolition of the wear and tear allowance.  

Landlords have also had to face changes in legislation, including Right to Rent laws, while Brexit continues to bring some degree of uncertainty to the property market.  

However, Halifax’s house price index demonstrates that property investment is still worthwhile, and that includes for landlords in the Islington and Stoke Newington areas.  

Managing Director of Sequre Property Investment, Graham Davidson, said: “The market is proving to be exceptionally resilient with so many economic and political changes in 2017.” 

He added: “Whilst landlords have experienced a fair few obstacles, the marketplace is continuing to deliver very healthy returns indeed, this is due to stock shortages and an incredibly high tenant demand. With sales and mortgage transactions continuing at a healthy level each month and a generous annual growth of 2.6%, I expect we’ll continue to see further growth towards the end of the year.” 

For further information, click the link below: 

Landlord Today