In the UK dramatically increased the number of objects for rent

The number of new objects of property in the UK, put on the rental market has significantly jumped in the last week of March. Many investors “buy-to-let”, hurry to buy the object prior to the entry into force of the new rules “Stamp duty, have already submitted their projects on the market.

The number of new objects for rent across the country increased by 20.6% compared to the average for this time of year period. Increasing the number of objects for rent reported to all agencies. The number of new objects in the rental market of the London property has increased over the period from 28 March to 04 April, 19.4%. In Manchester and Birmingham – by 28.7% and 49,9% respectively.

A large number of new objects for lease, of course, is good news and a boon for tenants. However, we should not forget that, most likely, this phenomenon will be temporary.

The changes in taxation that affected the market of real estate in the UK “buy to let” is likely to have a negative impact on investor sentiment and in a short time the rental market will suffer a significant loss. Under pressure of the tax burden in the case of the coming rate increase, some homeowners, having lost profit may abandon their objects, putting them on sale. The consequence of such behavior of investors will be the lack of facilities on the rental market and consequently higher prices. The only way to stay mass construction, which would ensure the flow of new housing into the market for investors, and for those who buys habitation for life.

The UK government, in order to stimulate the market of real estate of great Britain for first-time buyers buying a house, changed the whole structure of the market, “buy to let” and many British investors, carefully calculate your expenses and income might get in the way of finding alternative investments of their funds. Meanwhile, for the international capital market the London property market and the UK real estate will always be a good investment as Britain is first of all a protective haven for capital around the world from geopolitical turmoil and unstable economies. The UK economy continues to gain momentum, even though the risks in connection with the release of the United Kingdom from the European Union and in the long term property in London will always be a reliable way to preserve your assets.

® Helen Entree. G. 07.04.2016

 Apartment in the heart of London – Westminster

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