View more on these topics

Professional landlords take biggest share of market in 8 years

The proportion of properties let by company landlords has increased to 12 per cent of homes as of H1 2019.

Data collected by Hamptons International explains that this is the highest number of properties let by company landlords recorded since the firm’s records began eight years ago.

The estate agent estimates that collectively company landlords own 641,480 homes in Great Britain, 42 per cent higher than the figure in 2015.

Regionally, landlords in London were most likely to own a buy-to-let property using a company structure, at 13 per cent. This was followed by Scotland, the south excluding London, and the midlands all at 12 per cent.

Furthermore, the data shows that the average cost of a new let in Great Britain rose to £986 per month in June, a 3.1 per cent rise year-on-year.

Excluding London, the average cost of a new let in Great Britain in June was £787.

Average rents rose in six of eight analysed regions; the South East saw a 4.5 per cent rise in the year to June 2019. This was followed by Greater London at 4.3 per cent.

In contrast, Wales saw a 0.4 per cent decline, and the north of England recorded a fall of 0.2 per cent in the same time frame.

Hamptons International head of research Aneisha Beveridge says: “More than one in ten rental properties are now owned by private companies, an indication that the sector continues to professionalise.

“Increasing taxation for private landlords combined with the growth of the build to rent sector has meant that more companies are letting homes than at any time since our records began.

“Strong rents in the south drove rental growth in Great Britain in June. Low stock levels, particularly in the south, continue to put pressure on rents.”

Recommended

Rethink: industry objections to Treasury’s original proposals for regulation in the private rented

Renters getting older: Hamptons

The number of over 50s who rent their property has grown significantly, making up 15 per cent of all rented households in Great Britain, according to Hamptons International. In 2012, when the estate agent first started tracking this data, the proportion came to 11 per cent – meaning a jump in the number of rented […]

London landlords made £250,000 in 2018: Hamptons

Landlords in London last year made a £248,120 average gross gain from selling their properties, according to data collected by Hamptons International. The data shows that the above figure is 3.1 times the average gain across England and Wales, where the average landlord made a £79,770 gross gain last year. Regionally, landlords in the North […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Close

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now