The Property Podcast ASK452: Should I sell up in the south? PLUS: Is it time to cut the rent?
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Oct 29, 2024 This week, the hosts tackle a listener's dilemma about possibly selling properties in the South to invest in higher-yielding opportunities in the North. They weigh the costs of capital gains tax against potential returns. Another listener questions whether to lower the rent on a luxury apartment in Manchester due to market saturation, debating the pros and cons of securing immediate tenants versus holding out for a better price. Tune in for some insightful strategies and expert advice!
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Southeast vs. North Investment
- Consider holding onto your properties in the Southeast despite potentially better yields elsewhere.
- The transaction costs and risks associated with selling and reinvesting can outweigh the benefits.
Leveraging Equity
- Explore using equity from existing properties to invest in new ones.
- This avoids transaction costs and allows for portfolio growth if done strategically.
New Build Saturation
- When many similar properties enter the rental market simultaneously, expect a temporary dip in achievable rents.
- This is typical, and rents often rebound once the initial influx stabilizes.