At the beginning of 2023, many mortgage providers and property experts forecast that average house prices would fall significantly over the next 12 months. The reasons for these negative forecasts included rising mortgage rates and a higher cost of living as the main factors.

5 key things for private landlords to be aware of  when buying or selling investment rental property in the current climate:

• If average prices are rising, the value of your property could also rise which could benefit you if you come to sell in the future
• If average prices are falling, the value of your property could also decrease. This means it could be a bad time to sell but a good time to buy
• House prices go in cycles so keeping up to date can help landlords to make informed decisions when managing their portfolios
• The price you buy a rental property for affects its yield – the higher the rental yield, the better the return on investment
• Mortgage rates and house prices are interlinked. High mortgage rates could impact the type of property you might be able to buy, plus how much your monthly repayments would be

Private landlords will always be affected by house price fluctuations and more, however with the demand for private rental accommodation outstripping supply property still remains a solid long-term investment option for many.

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