• About
  • Services
    • Buy To Let
    • Company Mortgages
    • Property Investments
    • First Time Buyer
    • Home Buyer Mortgages
    • Insurance Services
    • Mortgage Services
    • Remortgage Advice
    • Specialist Mortgages
  • Insights
Menu
  • About
  • Services
    • Buy To Let
    • Company Mortgages
    • Property Investments
    • First Time Buyer
    • Home Buyer Mortgages
    • Insurance Services
    • Mortgage Services
    • Remortgage Advice
    • Specialist Mortgages
  • Insights
Site Logo
  • 0115 9338333
  • Contact
Menu
  • 0115 9338333
  • Contact
  • Home
  • Insights
  • Buy To Let
  • Company Mortgages
  • Property Investments
  • First Time Buyer
  • Home Buyer Mortgages
  • Insurance Services
  • Mortgage Services
  • Remortgage Advice
  • Specialist Mortgages
  • Reviews
  • About Us
  • Contact
Menu
  • Home
  • Insights
  • Buy To Let
  • Company Mortgages
  • Property Investments
  • First Time Buyer
  • Home Buyer Mortgages
  • Insurance Services
  • Mortgage Services
  • Remortgage Advice
  • Specialist Mortgages
  • Reviews
  • About Us
  • Contact

SM

****

Sian Mitchell

Nottingham

Share article

Share on facebook
Share on twitter

Buy to Let Boom in 2021

Looking to invest in buy to let property in Nottinghamshire? We take a look at the latest figures in the UK buy to let market.
  • 16/03/21

Overall property has always represented a good long-term investment opportunity, and is still one of the four most common types of investments, alongside cash, bonds and shares. Resilient and a largely stable investment market, historical evidence shows that property has the power to weather huge events such as the global financial crisis and the SARS outbreak, coming out of the other side stronger.

Property Investments Nottinghamshire | Buy to Let Boom in 2021 | Castlegate Financial Services

It’s no surprise then, that with rental growth hitting 4.1% in December 2020 – the highest level in four and a half years, buy to let holding companies were the second most common type of company set up in 2020 (Hampton’s International).

Driven in part by a reduction in the number of rental homes available on the market, the property boom at the end of 2020 and the final Brexit transition deal delivering some certainty to the market earlier this year – the UK Buy-to-let property market has a lot of potential.

 

Growth of the UK Rental Sector

The UK rental market continues to be one of the fastest growing sectors in the country and despite the pandemic, demand for rental property doesn’t appear to be slowing down. In fact, lockdown has made many of us reconnect with our homes and re-evaluate where and how we want to live.

And whilst the Stamp Duty holiday definitely unlocked a generation of pent-up demand from home movers, the pandemic also fuelled a wave of lettings as renters relocating from urban areas, to homes with access to greenery and great home working space.

 

What are tenants looking for in 2021?

As we start adjusting to life out of lockdown, it seems the aftereffects of the last 12 months will long have an influence on what we value and need from our home environment. Priorities have changed for many of us following the pandemic, and this is no different for tenants.

  1. Broadband Speed

School closures and rapid increase in the number of people working from home, it’s no surprise that broadband speed is fast becoming a top priority for tenants in 2021.  In fact, Fine & Country reported that “46 per cent of those searching for a new home …deemed broadband speed to be more important now than before the pandemic.”

 

  1. Dedicated home working space or office

Remote working and Working From Home is certainly a trend that will stay beyond the restrictions, with an increasing number of employers vowing to keep working from home as part of on-going company culture.  

 

  1. Outdoor space

Unsurprisingly outdoor space has become a top priority for tenants looking to relocate. According to a recent survey of property professionals by the Royal Institute of Chartered Surveyors (RICS) 81% of respondents highlighted that outdoor spaces such as balconies and communal gardens will demand a higher rental premium, while 74% predict an increase in demand for properties near green areas such as parks.

 

Investing Buy to Let Property

Buy to let property remains a popular investment for many, and for those investors looking for property investments in Nottinghamshire, the market looks promising. The Office for National Statistics revealed that the East Midlands saw the second largest annual rental price increase in the 12 months from February 2021, at 2.2%.

However, if you’re looking to build your rental property portfolio or you’re considering developing property and selling for profit – getting the right advice from the start is crucial. Expert, advice from professionals who know the market and understand your goals and circumstances, is the foundation to building a successful investment. To find out how to make the most out of your property investments contact our brokers for a free consultation today. 

  • Sian Mitchell

Nottingham

Need Assistance?

Whether you’d like to make a finance enquiry or simply have a question about our services, we’re on hand to help.

Request a callback

To stay up to date with all our financial insights and guides, sign up for our newsletter.

By clicking submit below, you consent to allow Castlegate Financial Services to store and process the personal information submitted above to provide you the content requested.

Most popular

Mortgage Application Document Checklist

Whether you’ve started your application, or you are keen to get prepared ahead of time – here is a list…
Read

Do I need a mortgage broker?

What is a mortgage broker? A Mortgage Broker also known as a Mortgage Adviser, is a specialist with in-depth knowledge…
Read
Site Logo

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

  • About
  • Services
  • Insights
  • Contact
Menu
  • About
  • Services
  • Insights
  • Contact

0115 933 8333   info@castlegatefs.co.uk

Instagram Facebook Twitter Linkedin

© Copyright 2020 Castlegate Financial Services. All rights reserved. Terms/Privacy Policy

Castlegate Financial Services Limited is authorised and regulated by the Financial Conduct Authority.
Our firm reference number is 621597. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register
Registered in England & Wales No. 08908481. Registered address: White House, Wollaton Street, Nottingham, United Kingdom, NG1 5GF

We use cookies to ensure that we give you the best experience on our website. Please continue to accept cookies from this site.OkPrivacy policy