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Supply of rental properties falls as landlords exit market

PostPosted: Tue Dec 04, 2018 8:37 pm
by Dolphin
Rents in the UK’s private rental sector continue to rise as the supply of properties to let has dropped again on the back of a jump in the number of landlords exiting the buy-to-let market, new figures show.

As we near the end of 2018, ARLA Propertymark has analysed its letting data to reveal trends from the year, and found that the supply of rental accommodation dropped, albeit marginally, from 189 on average per branch in 2017, to 187 per branch in 2018.

In line with this, as landlords continued to face legislative change, the number of buy-to-let investors selling their properties increased from an average of three in 2017 to four in 2018. In April and May this year, the figure spiked to five per branch – the highest since records began in 2015.