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  • Section 24 HQ

    Highest number of landlords selling up ...



    .. since records began.

    In April letting agents saw the highest number of landlords selling their buy-to-let properties since records began in 2015, with the number of landlords exiting the market rising to five per branch from four in March.

    ARLA Propertymark found in March, the figure rose for the first time in almost a year, to four landlords per branch, after sitting at three landlords consistently since April 2017.

    The number of prospective tenants registered per member branch continued to rise, increasing by 9% in April. In March, agents had 66 tenants on their books on average, compared to 72 in April. This is the strongest demand seen since September, when there were 79 registered per branch.

    The number of tenants experiencing rent hikes increased to 26% in April – the highest since September 2017 when 27% of landlords put rents up for tenants. Year-on-year, this has risen from 24% in April 2017.

    Full/source article

    SEE ALSO  -          Triple threat facing property market say RICS

    UP NEXT -              Update: Sold 25 properties to date due to S24

    DON'T MISS -         RLA survey evidences dwindling rental supply

    NOW WATCH:

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    The agents I network with have said they have seen a rise in the number of Landlords selling when the property becomes a void

    Maybe its time to invest in Rightmove or Zoppla 


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.