The Landlord Magazine | Page 20

A Promising Year for the UK Property Market 15 20 BY ZEESHAN SHAH - APPRENTICE STAR AND PROPERTY EXPERT House prices are both a nationwide obsession and a prime driver of the UK's consumer economy. Property enthusiasts, stock market brokers and prospective investors continue to keep an eye out on what the year 2015 holds for UK’s property market. In this article I look at housing trends, predictions and assess latest expert analysis of the buy-to-let property market. According to Rightmove, the drop in asking prices observed towards the end of 2014 may be considered as one of the ‘biggest ever monthly drop’. As sellers butchered their asking prices to tempt first-time buyers into a deal and pave their way into 2015, this created a potential opportunity for homebuyers and movers to negotiate and save money on their property purchases. Despite the considerable dip in asking prices, experts foresee 2015 as the ideal time to invest in buy-to-let properties owing to their speculations of a 5% increase in property values next year. Before we dig deep into the prospects of buy-tolet investments, it would be worthwhile to have an insight into how such property developments work as a potential medium to long-term investment. Revealing the Basics of Buy-To-Let Investments A buy-to-let simply refers to a property type that an investor invests in with an aim to rent for a residual income. Once they have invested in a can potentially Zeeshan Shah of One buy-to-let property investorswhich refers to earn a profit through rental yield, less any maintenance, repairs and Investments rental incomecapital growth, which encompasses taxation, and the profit earned of the buy-to-let is eventually sold for a price higher than its initial cost. phone: (00) 002.003.004 fax: (00) 002.003.004 email: [email protected] www.domainname.com address: 5the Avenue 10001 NYC New York