A golden opportunity awaits any landlord ready to take on the sector’s challenges
A series of punishing tax changes and higher borrowing costs have squeezed buy-to-let profits in the past year and triggered an exodus of landlords from the market.
Landlords sold 35,000 more properties than they bought during 2022, the largest net loss in three years, according to analysis by estate agency Hamptons. It has left a void of rental properties to be filled – a golden opportunity for investors who are prepared to take on the sector’s challenges.
National rents jumped by 5.5pc in the year to August, the biggest jump on record according to the Office for National Statistics – a new record high for the sixteenth month in a row. This was boosted by the fact that in every region, demand from tenants is still wildly out of kilter with supply.
Buy-to-let specialists and advisers have reported a recent surge in investors looking to pounce on the opportunity for lucrative returns.