UK rent rises continue to outstrip inflation, expat buy to let remains popular
UK rents are continuing to rise at an above inflation rate, suggesting expat buy to let investing remains an attractive option
Average rents paid by tenants across Great Britain rose by 2.4 per cent in the 12 months to July 2016, according to the Office for National Statistics.
Rents grew by 2.6 per cent in England and a tiny 0.2 per cent in Scotland over the year; they were completely static in Wales.
Rents increased in all the English regions over the year to July, with the largest hike in the south east, up 3.5 per cent. The smallest rise was in the north east, up just 0.9 per cent.
With deposit rates now at an all time low following the latest UK Base Rate cut to 0.25%, comparison website Moneyfacts does not have any easy access accounts paying more than 1% listed, nor are there any fixed rate bonds paying more than 1.20% at the start of September. Buy to let investing for expats therefore look set to remain an attractive option, with expat buy to let mortgage rates available from 3.04%, according to expat buy to let mortgage brokers Offshoreonline.org.