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GetGround's Buy-to-Let Market Index
Understand the performance of the UK buy-to-let market on a quarterly basis in a simple way. Make more informed decisions and access buy-to-let done better.

The Market in a Snapshot

£268,087
Average UK house price in December 2024
North East
Had the highest percentage increase in property sales through buy-to-let companies
35%
Increase in buy-to-let company incorporations

 

 

PRICE CHANGE
Property prices have grown annually across the whole of the UK
In the year leading up to November 2024, house prices across the UK grew by an average of 4.6%, showing a more positive market outlook and growth returning the marketing compared to the 1.4% drop in house prices between 2022 and 2023.
Prices Increased
4.6
%
In the year leading up to November 2024

In England, The North East saw the greatest rise in house prices at 6.7%

Year-on-year to November 2024, house prices grew most in Northern Ireland and the North East respectively.
There was a steady growth in house prices across the UK, showing a positive indication for the market.
Only London saw no change in house prices over the past year.
London has the highest average property price at £548,939.
The North East has the lowest average property price at £161,389.

Flats remain the cheapest property type across all regions

Although city centres have a demand for and a large number of flats, this property type is the cheapest nationally.
Flats can provide investors with a lower entry cost property while letting them target young professionals.

 

 

PRIVATE RENT CHANGE
Rent prices have also increased annually across the UK
Year-on-year to January 2025, rent prices across the UK grew by 8.7% — the greatest increase was seen in England at 8.8%. Average rent prices are now £1,375 in England, £780 in Wales, and £995 in Scotland. Regionally, in England, prices grew the most in London at 11% and least in Yorkshire and The Humber at 5.3%.
Rents Increased
8.7
%
In the year leading up to January 2025

Across the UK, rent prices grew more this year than they have in the past 5 years

Wider external market factors, such as the inflation rate and the COVID-19 pandemic, caused rent prices to rise at a quicker pace from 2022.
Rent prices are at a peak across the UK.
The greatest increase in rent prices has been seen in London with an 11% increase year-on-year to January 2025.

 

 

SALES CHANGE
Sales transactions decreased annually across the UK
Over both the year and the quarter leading up to October 2024 the number of residential property sales has decreased across the UK. The decreased sales are focused within England, while Northern Ireland and Wales have seen a slight steady increase. Although there may be fewer residential buyers, property investors are still in the market.
Sales Decreased
12.5
%
In the year leading up to October 2024

Decreasing sales volume presents an opportunity for investors due to increased rental demand

The number of residential buyers has decreased over the last year.
This has resulted in increased rental demand, keeping property investors in the market.
Whilst sales are down, property investment continues to rise as shown by the increase in buy-to-let company incorporations.

 

BUY-TO-LET COMPANIES
Buy-to-let company incorporations hit a record high in 2024
Since 2016, the number of buy-to-let companies incorporated has grown year-on-year. The introduction of Section 24, which restricted landlords from deducting their mortgage interest from their profit if they owned property in their personal name, was a primary reason for this growth. Between 2023 and 2024 the number of companies incorporated grew by 35%.
Buy-to-Let Company Incorporations Increased
35
%
In the year leading up to December 2024

In 2024, 61,436 buy-to-let companies were incorporated in the UK

Over 7x more buy-to-let companies were incorporated in 2024 than a decade before.
Although overall property sales volume is down, property investors are still incorporating companies and purchasing properties.

Limited company landlords are purchasing more properties in the North East of England

The number of limited company landlords investing in the North East has increased from 4.1% to 8.9% in the past decade.
The number of limited company landlords investing in London has decreased from 20.8% to 14.7% in the same time period.
Limited company landlords have shown a trend of investing in more regional locations, arguably because of the lower price point and growing rent prices.
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Interested in this information?
We will update this Buy-to-Let Market Index quarterly, the next edition will be released in June 2025.

This is for your information only and should not be relied upon or construed as legal, tax, investment, financial or other advice. Whilst GetGround has tried to make sure this information is accurate and up to date, things can change, so GetGround cannot guarantee or be responsible for the accuracy, relevance and/or the completeness of the information provided. Certain information has been obtained from third party sources and GetGround is not responsible for the accuracy of such content. Any prediction, forecast or projection is provided solely as an example of possible growth and return and will not necessarily reflect the actual growth and return. GetGround cannot promise that the information provided will be fit or suitable for any purpose. Any reliance that you may place on the information provided is entirely at your own risk. GetGround always recommends you obtain independent advice before making any investment decisions.

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