| Comment | There definitely shouldn't be regulation on prices in my opinion. That would cause a catastrophe.
I think people tend to take the outrage from London to other parts of the UK without realising it's a different market.
In London, there are massive sets of flats entirely bought by foreign investors for purposes outside of making a living as a landlord which drives up prices. No one is doing that in Scotland or Glasgow.
Here, landlords aren't exactly making a killing. Those that bought property decades ago that have increased in value have, but that's not necessarily a landlord.
Look at the property in this case. Let's say it's £1k rent a month. Today, that place would probably sell for £250k maybe, if just under.
Therefore, if you're buying that property to rent out, it would take over 20 years before you even made back your initial investment (and that is assuming you're not paying any tax, have any running costs, any interest on your loan to buy the property).
That's a terrible investment.
Contrary to popular belief, being a landlord in the majority of the UK isn't a good path to go down if you want to get rich. So many of our landlords are just managers for our own pension funds that own the properties. |
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