{"id":1892,"date":"2016-12-09T12:00:14","date_gmt":"2016-12-09T12:00:14","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1892"},"modified":"2016-12-09T12:00:14","modified_gmt":"2016-12-09T12:00:14","slug":"rental-supply-on-the-up","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/zh-hk\/2016\/12\/09\/rental-supply-on-the-up\/","title":{"rendered":"Rental supply on the up"},"content":{"rendered":"

Nearly six in 10 UK towns and cities saw a rise in new buy-to-let properties<\/a> coming onto the rental market in November \u2013 the second consecutive month of positive growth \u2013 with an average 6.8% increase, according to research by property crowdfunding platform Property Partner.<\/strong><\/p>\n

Bristol experienced a staggering rise of new buy-to-lets being listed – a 162.7% increase from 1,329 new rental properties<\/a> in October to 3,492 in November.<\/p>\n

https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/12\/07\/property-investment-qa-1-furnish-not-furnish\/<\/p>\n

Three other cities also recorded a triple-digit boost in new buy-to-let properties coming on to the market. Southampton, Portsmouth and Huddersfield saw supply rocket by 108.2%, 102.8% and 101% respectively.<\/p>\n

Dan Gandesha, Founder and CEO of Property Partner, comments: “It has been another encouraging month for prospective tenants on the hunt for new rental properties. Both October and November saw consecutive increases in the supply of new listings, somewhat silencing any murmurings that we were in for an era of depressed rental supply. In some towns and cities it even appears to be a renters\u2019 market.<\/p>\n

While many aspire to own, the demand for rental accommodation is set to grow, with increasing numbers choosing to rent due to a lack of affordable housing for potential buyers.”<\/p><\/blockquote>\n

\u201cWith the private rental sector almost doubling in the past decade, and one in five households in England now in private rented accommodation, it\u2019s vital to ensure good quality homes which are professionally managed.<\/p>\n

\u201cBut the flipside is that many landlords are feeling the financial squeeze due to recent tax changes and stricter lending criteria. Imminent cuts in mortgage interest tax relief may just make it impossible to make ends meet, particularly in London and the South East, resulting in many buy-to-lets being sold and a knock-on effect of reduced rental supply in the future.\u201d<\/p>\n

The Autumn Statement\u2019s impact on the UK\u2019s property market<\/a><\/p><\/blockquote>\n