Do you find yourself questioning – Should I Keep or Sell This Investment Property?
Within the current 2024 Property Market, nearly 2 million landlords are asking themselves the question ‘Should I Hold or Should I Sell’.
Property expert, Simon Zutshi, addresses the numerous factors that are contributing to this dilemma amongst property investors and landlords in the UK right now. These include the Renters Rights Bill, previously known as the Renters Reform Bill, before Kier Starmer’s Labour government.
What could the impact be for you and your property investing?
Find out more about Simon’s thoughts on the Housing Market under the new Labour government, and how Kier is trying to implement more policies in favour of the tenant. With the increase of Interest Rates in previous announcements, landlords have been making less cash flow overall, questioning if their Property Investments are worth it anymore.
He encourages active investors to take their Single Let properties and change how they are used. This involves converting them to either a House of Multiple Occupancy (HMO) or Serviced Accommodation (SA) for high cash flow.
Simon also encourages you to begin evaluating your existing Property Portfolios each year, looking closely at the Return on Investment (ROI) and Return on Equity.
Regardless of upcoming Autumn Budget news and changes to taxes, he summarises it is still completely worth investing in property – if you know what you are doing. With the right Property Education, you could make more money than the existing owner using Creative Finance strategies.
