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.”