The buy-to-let market in Walsall is about to enter a challenging 12 to 24 months. Yet by looking back at the last recession and what is happening now, there are crucial lessons all Walsall landlords can learn to protect themselves, and in fact create opportunities both in the short term and ultimately the longer term. For the purposes of this article, I would like to split these and look at the challenges and then the opportunities.
So, let’s consider the challenges ahead for Walsall landlords …
- The impending rise in unemployment stands to hamper tenants’ ability to pay their rent.
- The current rents being achieved pushing affordability in some cases out of reach for many tenants.
- The possible Capital Gains Tax changes might mean an increase in tax paid by Walsall landlords when they come to sell their Walsall buy-to-let (BTL) properties.