Our predictions for 2019
Everyone wants to know what the future holds. We're no different, so Chris Norris has gazed into the crystal ball and come up with a few ideas about what might happen in the New Year.
“Brexit will ultimately play a part in any investment in 2019, and the uncertainty around the rights of EU citizens living in the UK will be the cause of concern for some landlords due to Right to Rent.
"However, Brexit is not the only concern landlords will have. There will be a continuation of the same issues landlords have faced over the last year. Landlords still have to contend with the removal of mortgage interest relief and changes to letting agents’ business models once the Tenant Fees Bill is passed into law. The Homes (Fitness for Human Habitation) Bill won’t have a noticeable effect on the majority of landlords, but will make a difference to the rest.
"Not to mention the fact that bookmakers are currently offering odds on a general election in 2019 11/10 – so a new, and potentially radically different government will be preying on some landlords’ minds.
That being said, rental property is still a worthwhile investment and we expect new landlords to continue entering the market in 2019.”