Landlords snap up houses as rents bounce again

Almost three quarters of London-based landlords purchased their buy-to-lets outdoors the capital within the first three months of this 12 months, in contrast with lower than 1 / 4 a decade in the past.

In the North East, which presents the very best gross yields within the nation at a median of 9pc, buyers purchased virtually 30pc of all houses offered within the first quarter of 2022. In the identical interval final 12 months, landlords made up 20pc of consumers within the space. 

While buyers’ urge for food for buy-to-let grew in 9 of the 11 UK areas, Scotland bucked the development. Here, landlords made up 7.9pc of consumers within the first three months of the 12 months, down from 10pc in the identical interval in 2021. 

Scottish buyers have weathered a sequence of strict tax and regulatory modifications, with extra crimson tape on the horizon. The Scottish Government is at the moment consulting on a raft of rental reforms, together with the introduction of hire controls by the tip of 2025. 

The variety of properties within the nation’s personal rented sector dropped by 22,000 between 2017 and 2020, in response to evaluation of landlord registrations by the Scottish Association of Landlords.

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