You are here: Home - Mortgages - Buy To Let - News -

Landlord numbers crash to seven-year low

Written by:
The number of landlords has fallen to its lowest level in seven years, research has found.

Tax and regulatory changes have caused some 222,500 landlords to sell up and leave the sector since 2017, according to estimates by estate agent Hamptons International.

There are now 2.66 million buy-to-let investors in the UK, a fall of eight per cent in just two years.

At the same time, the total number of privately rented homes has fallen by 156,410.

However, the average investor portfolio has increased to 1.93 – a level not seen since 2009.

Average rents increased to £998 per month in January, a 3.6 per cent jump from the same period last year.

The research showed landlords in the North East had the biggest portfolios, typically owning 2.05 homes on average, followed by those in Yorkshire & the Humber, and London.

Investors in Wales and Scotland were least likely to have big buy-to-let portfolios.

Rents continued to increase the most in the South West, up six per cent, followed by the East and Greater London, both at 4.1 per cent.

Aneisha Beveridge, head of research at Hamptons International, said: The number of landlords in the private rented sector has fallen to the lowest level in seven years.

“While 222,570 landlords have left the sector since 2017 due to tax and regulatory changes, those who have stayed tend to have bigger portfolios – a further sign that the sector is professionalising. The average landlord in Great Britain owned 1.93 properties last year, the highest level since 2009.

“Rents rose in every region across Great Britain in January to stand 3.6 per cent higher than at the same time last year. The number of new homes purchased by landlords remains low, which is feeding through to fewer homes available to rent. This is particularly true in the South, where rents are rising the most.”


There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
TSB to halve interest rate on Classic Plus account to 1.5%

TSB will cut the interest on its Classic Plus current account from 3% AER to 1.5%.