rental prices are said to be on the rise.
This is mainly in response to rising interest rates. .
I don't agree with this statement. If rents are going up it's to do with the lack of rental accomodation and what the renters will pay for the limited accomodation. Supply an demand.
Well it's chicken and egg isn't it? The fall in supply is due in large part to the reduced attractiveness of residential property investment as interest rises. Interest increases have reduced net yields and slowed if not halted capital appreciation. If investors leave the market as a result, supply will fall and rents will rise.
Just wondering, in peoples experience, what regions in your locality are suitable for buy to let. I am struggling to find an area where the rental income of the house would come close to paying for the mortgage required.