Collapsing UK property rental market!

Dire news is now emerging from the UK property market and it looks like the rental side of the sector will be the first to feel the storm.

We are now seeing first hand how quickly things can change.

Just prior to the global health crisis the UK property market was looking strong.

And a good indicator of this was that buy-to-let properties were in demand.

And that in itself indicated a strong private rental market with demand outstripping supply.

All because more and more people are now renting because property purchase prices keep rising to just out of the reach of ordinary buyers.

But the economic fall-out from the health crisis has changed all that.

The Guardian reports that UK house sales will collapse this year, with no viewing and mortgage lending drying up or becoming more expensive - especially for those looking for a buy-to-let mortgage, or remortgage.

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