The sales director of a property investment firm says high house prices, rising interest rates and the broader cost of living crisis will combine to push more would-be buyers back into the private rental sector.
Daniel Jackson, sales director of Sequre Property Investment, says that on top of all that “mortgages will be harder to secure, with lenders showing caution around higher monthly expenses such as food and energy, which leave less money for mortgage payments. As a result of this pressure, we are likely to see an increase in demand for rental property throughout 2022 and as our research shows, landlords are increasingly investing in the buy-to-let market.”
He continues: “Long term property is a far stronger and more resilient investment than other asset classes, delivering better returns than stocks, bonds and gilts, over a ten-year period. Since the start of the pandemic, the stock market has been highly volatile, with the majority of the world stock markets suffering losses in the trillions of dollars.