Buy to let landlords sold 35,000 more properties than they bought in 2022, with the rental sector losing an average of 66 buy to let properties a day last year, according to analysis by agents Hamptons.
Hamptons also says 140,000 people stopped being landlords in 2022, and 96,000 are expected to follow suit each year over the next five years as property investment portfolio holders reach retirement age.
But despite high mortgage rates, the demand for rental properties remains high, so landlords may choose to remain in the market. Research by mortgage firm Landbay reveals that seven out of 10 buy-to-let landlords do not intend to sell any of their properties in 2023.
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Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://thepropertyteacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
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