The share of homes sold by a landlord in Great Britain fell from 15.7% in 2022 to14.0% so far this year, however, Scotland is the only region where the landlord sell-off has accelerated this year and where new purchases hit a record low.
Hamptons
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In October, the average rent on a newly let home rose to £1,204 pcm, passing the £1,200 mark for the first time, costing the average tenant an extra £960 per year in rent compared to last year, according to Hamptons. Average rents passed the £1,100 mark back in September 2021
During 2020 there were a record number of new limited companies set up to hold buy-to-let properties, according to research published by Hamptons. Last year there were a total of 41,700 buy-to-let incorporations, an increase of 23% on 2019. The numbers have more than doubled since 2016, rising 128%,