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Is buy-to-let worth it in the UK in 2024?
For those who do it right, buy-to-let is still very lucrative. Rental yields are on the increase, having now risen for 3 consecutive quarters and averaging 6.9% across England and Wales. In Scotland, average gross yield is slightly higher at 7.1%.
Rent price levels are also continuing to increase, up by between 5-6% in 2024 and seeing cumulative growth of around 20% or more over the next five years. As inflation settles this will allow for good levels of rental profit to be made
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Renting can be flexible
If you choose to rent a property, theirs is a sense of freedom that can come with it.
Buying a home is a big commitment and you have to be pretty sure that you’re set on staying in that property and location for the long term . On the other hand, when renting, contracts can come with more flexibility you’ll have the ability to do so more easily.
Make yourself available
If you’re serious about renting, it’s important to make yourself available to view properties as they become available especially in the current market.
The rental market can be incredibly fast paced, with high demand, properties can be snapped up pretty quickly after hitting the market. So, to be in with the best chance of securing the home you want, it’s important to stay flexible and make yourself available as much as possible to go and view as they become available ,Being able to make the appointment sooner rather than later is an advantage and reduce the risk of missing out on a property you like the look off .
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Exeter has transformed into a thriving modern place with strong emphasis on education, culture and commerce, according to a leading organisation which promotes the urban environment. The Urbanism Awards 2023, organised by the Academy of Urbanism, saw Exeter shortlisted for European City of the Year, alongside Amersfoort in the Netherlands and Estepona in Spain. The title was eventually awarded to Amersfoort, but in a new report the judges were full of praise for Exeter. Co-Lead Assessor Tony Duggan, said: “Exeter and its citizens have a strong identity, sense of purpose, and direction for their future. “The city has transformed in recent decades into a thriving modern place with strong emphasis on education, culture, and commerce – cementing its attraction in terms of liveability, intellect, and social value. “Its uniquely strong relationship with its physical natural setting and its good connectivity have been major influences on Exeter’s success, and it is continuing to invest in ways to build upon this and nurture its social value and capital.” Read more ▶▶▶ https://tinyurl.com/2ds6wsh9
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Christmas office opening times
We will be closing from Friday 22nd December 5.30 pm and re opening Tuesday 2nd January 9am . Just for Rental emergencies only a telephone number is available on our answer machine . Wishing you all a very Merry Christmas and a Happy healthy new year
