UK House Prices Are Slowing Down… But Rents Are Rising
In England and Wales, the annual growth rate for homes is little more than 6% and was unchanged in May.
Rents have risen faster than inflation in response to the slowing in property price increases, resulting in higher yields.
Many property investors are now taking advantage of cheap borrowing rates and rising inflation.
📈 Annual asking rent hikes in the UK are up 19%.
📈 Rents in Greater London have increased by 25%.
📈 Hackney in London has increased by 42%.
📈 Rental market supply is reduced by 23%.
The figures are clear: the UK is still an excellent place to invest in property.
Remember that interest rates are still low when compared to the 40-year average. Rents are increasing. And the long-term prospects for house price increase remain favourable…
Data: Home, Rightmove
