Weaker buy-to-let market gives hope to first-time buyers
Price of small properties has fallen and landlord purchases are down, surveys show
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.Continue reading...