Whether you are a seasoned landlord or want to rent out your property to start the new year, there will be some changes in 2022 that you should be aware of. When you start this journey, there are a lot of rules and laws to keep in mind, so it’s important to keep up with them. With rents going up and the stamp duty holiday getting longer, people who rent out their homes did quite well. But this doesn’t mean that the next 12 months will be the same.
The rental market has always been fluid, and people’s needs continue to change in terms of length of tenancy, space, property type, and location. This is especially true with the rise of a new culture of working from home. Rental prices are going up because there aren’t enough places to live and more people want to rent.
With the supply squeeze expected to last through the summer, rental prices are likely to go up even more across the UK. This is likely to make more landlords want to buy. And it will be interesting to see what kinds of properties these landlords want to buy.
But with careful planning and thought, you can make the most money possible and keep your tenants happy for a long time. This infographic gives you a good understanding of the key statistics about the Private Rental Sector that are up to date. The latest information from BVA BDRC shows the main problems landlords are facing in Q2, how their finances are doing, and what they expect for the next three months.