Weaker Buy-To-Let Market Gives Hope To First-Time Buyers

Further evidence that the crackdown on buy-to-let investors has had the desired effect, thus giving hope to first-time buyers, has come from two surveys. Rightmove, the UK’s biggest property website, said a less active buy-to-let market had led properties with two bedrooms or fewer to drop 0.1% in price last month. Subdued prices provide first-time buyers with an “opportunity this autumn”, it said. First-time buyers are now paying an average of £190,000 for their home, compared with £307,000 across the whole market, it said Meanwhile, the upmarket estate agents Hampton International produced figures showing that money spent on buy-to-let purchases across the UK is currently 30% below what it was in 2015.Read more on the Guardian website.

https://www.theguardian.com/business/2018/oct/15/weaker-buy-to-let-market-hope-first-time-buyers-landlord-survey