With the upcoming election, investors are wary of any change in government and the changes that this could bring to the property sector, but in reality what changes would make the investment less attractive? No government is going to come in and upset the apple cart with regards to the property market, as it is principally the property market that is bringing the country out of recession and into growth!
As many of our regular readers have seen in our previous posts, we have long said that we at Virotti believe the mortgage rate is unlikely to rise this side of summer and with the recent announcement that we may be heading towards "Deflation", this will certainly lead us to believe that there will be no rate rises in 2015. In fact, many so called "experts" are telling me that Spring 2016 is the earliest time that they expect a rate rise, and even then, a very small rise.
For many investors the Stamp Duty change has not had a negative impact, in-fact it has worked in their favour - although our Virotti City & West End office clients feel differently! - but for the Dartford Buy to Let market, this has not had a negative impact.
With the Monthly Rental prices still increasing, it is looking as if 2015 will be a bumper year for the Landlords.
As ever, if you would like to find out about investing in the Dartford and North Kent Residential market area, pick up the phone and I will be happy to talk.
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| Another Dartford property Let within 48 hours! |
PS - Did you know that Virotti never charge their Landlords a Re-Let fee when the tenant leaves and the property is FULLY MANAGED by Virotti.
