As you know, we sleep with one eye closed and the other on the property market. Even wide awake when we’re meeting clients or catching up on paperwork, we eat & breathe property - it keeps us on our toes.
Monitoring trends is a key part of our job. We like to spot the first inkling of activity – wherever it may be. Whether it’s from white paper reports, the media… even down to the types of properties tenants & buyers want and vendors/landlords are selling/letting.
Buy to let has boomed for a long time, especially in Manchester. We deal with hundreds of landlords and have many investors knocking at our door each week asking us to help with property management and the like. However, over the last few months we’ve noticed even more enquiries than usual from existing landlords and investors looking for buy to let properties.
And why is this? Well, there are lots of factors that could contribute but we reckon that one of the reasons is because property is undeniably one of the best investment types to be found in the UK (and we’re not just saying that – it really is). Some clever folks out there have decided to put their cash into something worthwhile…good choice! In our experience, you can’t go far wrong if you invest wisely, trust us.
Another reason for the influx of enquiries could be the tax changes that are due to take effect in April. Smart investors are, rightly so, very keen on pushing new purchases through to avoid stumping up the extra cash – makes sense, right?
While all this tax talk has created a buzz in the media, we don’t reckon it’s a game changer. Property will still provide some of the best returns you can find from an investment – providing you buy the right property, at the right price. Stamp duty has been part & parcel of buying property for years. Just like your legal fees or your mortgage arrangement fees. Plus, think of the returns your investment will generate – not to mention the capital growth. You’ve seen all our articles on the Northern Powerhouse and the exciting things happening in the property market over the next 5 years. In fact, the Manchester market is predicted to grow by over 20% in the run up to 2020, so now is an exciting time to look at buy to let property in Manchester.
If you’d like to chat to us and see what properties we have available, or to see if Manchester is the right place for you to invest, call us on 0161 637 8336. Not only could we help you find a property, we could find you a dream tenant too - don’t say we never do anything for you.