Accidental landlords add 80,000 rented homes to the market

One in 12 homes that came onto the rental market in 2017 was previously for sale London is the accidental landlord capital of the country Rents rose 1.2% over the last year, seven times faster in the Midlands than in London   A slower sales market in the South of England has revived the accidental … Read moreAccidental landlords add 80,000 rented homes to the market

Yield achieved by the top 10% of landlords

As house prices have risen faster than rents over the last three years, most landlords have seen their returns squeezed, but many have benefited from capital appreciation. Over the last five years the average landlord saw their yield fall by 0.8% to 5.3%. But landlords haven’t been equally squeezed.  The top 10% of landlords who … Read moreYield achieved by the top 10% of landlords

A brief guide to the budget

Overall the Budget was helpful for the housing market, although we could always ask for more. The change in stamp duty lifts the vast majority of first time buyers out of the tax and that will help to encourage more activity in the market. But movers also suffer from the tax and it would have … Read moreA brief guide to the budget

Cash landlords spend a record £21 billion

A record 65% of landlord purchases over the last 12 months were made by cash buyers 78% of investors in the North East paid in cash compared to just 42% in London In October rents grew by 0.5% year-on-year, driven by rises in the Midlands and Wales   The rising number of landlords buying in … Read moreCash landlords spend a record £21 billion

Bigger Landlords

Landlords expanding their portfolios, and buying more homes is increasing the size of the rental market. Recent regulatory and tax changes have made it more complicated and more expensive for amateur landlords to enter the sector.  There are 171,000 more homes to rent since 2015, but the number of landlords has fallen by 154,000 in … Read moreBigger Landlords

Rate of Rental Growth Doubles

Countrywide’s Monthly Letting Index shows how the run of eight consecutive months of falling rents in London ended abruptly in July.  Rents in London ended the month 2.1% up on last year, as the number of properties available to rent in the capital fell sharply.  Across Great Britain the rate of rental growth doubled from … Read moreRate of Rental Growth Doubles

Proportion of sales to landlords drops to a five-year low

Election Housing ManifestoThe latest Countrywide Lettings Index shows that in the three months after the introduction of the new stamp duty surcharge (Q2 2016), landlord purchases accounted for only 8% of all homes bought, the lowest proportion since 2010 and 5 percentage points lower than the same period last year.

Read moreProportion of sales to landlords drops to a five-year low