New data shows a resurgence in buy to let activity in London and South East in Q1

Resurgence in London buy to let activity in Q1 of 2018

Latest data from specialist buy to let broker Commercial Trust Limited, indicates increased buy to let purchase activity in London, during the first quarter of 2018.

The report shows that market share for buy to let applications in the capital increased for the first time since Q2 of 2017, growing from 12.4% in Q4 of 2017, to 16.5% in the first Quarter of 2018.

Overall, the South East still leads the way, having also grown its market share from 17.2% in Q4 of 2017, to 19.2% in Q1 of 2018. This means that London has also closed the gap on the South East’s overall market share.

However, the biggest increase in market share, quarter on quarter, was recorded by the East Midlands, which saw a 5% increase in the first three months of 2018.

Scotland and Wales also saw an upsurge in market share over the same period by almost 2%.
Overall, London and the South East still make up a significant proportion of the buy to let application market share, although the North West has grown since 2016.

Commenting on the report, Andrew Turner, chief executive at Commercial Trust Limited, said:

“From our latest Quarterly data, it is clear that property investment in London and the South East is very much alive and kicking – and if anything, growing.

“The report perhaps also reflects the effect of the introduction of the 3% stamp duty surcharge in April 2016, which of course would have been more keenly felt by investors in the more expensive properties found in this part of the country.

“London and the South East remain regions of high demand for rental property and a recent article from City AM indicated that property prices in the capital have continued to fall, perhaps creating something of a buyers’ market for investors.

“I think the data also reflects a regained sense of confidence in London and the South East, among landlords with capital to spend.

“Similarly, the North West continues to see significant infrastructure investment and projects like HS2 will have the potential to further enhance opportunities for economic development in the long term. This in turn may attract more businesses, creating jobs, migration and further rental demand, whilst at the same time potentially contributing to property price growth.”

Shared by: Andrew Pelis – Andrew.Pelis@Commercialtrust.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Breaking News

Breaking Property News – 28/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   tlyfe the tenant App gets huge marketing boost from national team tour from the Openbrix team As many will know tlyfe, powered by OpenBrix, is the UK’s most innovative tenant lifecycle app, taking the stress out of the move in process and helping to…
Read More
Breaking News

Over Four Out Of Five Tenants Unaware Of The Renters Reform Bill

OVER four out of five tenants remain unaware of the Renters (Reform) Bill and its contents, according to new research. The data comes from a representative survey of over 2,000 private renters conducted by the TDS Charitable Foundation, which works to advance education about housing rights and obligations in the private rented sector. The Bill…
Read More
Estate Agent Talk

What is Property Damage in a Personal Injury Case?

Property damage refers to any damage that affects things instead of a person. This might include damage to your car, house, etc. As such, it is not regarded as a personal injury case. However, when an individual is injured when the accident occurs, the affected person can file a personal injury claim. A typical example…
Read More
Love or Hate Rightmove
Breaking News

Rightmove comment on new 99% first-time buyer mortgage product

Matt Smith, Rightmove’s mortgage expert said: “It’s encouraging to see lenders continuing to try to innovate in the mortgage market, even after the government abandoned its own plans to encourage lower deposit mortgages in the Spring Budget. This new product has the potential to help some first-time buyers who fit the affordability criteria, but are struggling…
Read More
Breaking News

Breaking Property News – 27/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Coadjute ahead of the game as they are already licensed to provide digital TA6 Forms to property stakeholders This week, the Law Society announced its TA6 Form will now include Material Information as per the the National Trading Standards Estate and Letting Agency Team…
Read More
Breaking News

Breaking Property News – 26/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sharing Success: The Guild Conference and Awards celebrate Member achievements The QEII Centre in Westminster, London, was abuzz with excitement on Friday, 22 March 2024, as The Guild of Property Professionals hosted its highly anticipated annual Guild Conference and Awards. Under the theme ‘Sharing…
Read More