Number of London rental properties drops by 21%
An exodus of landlords from London has been revealed with the release of Countrywide’s monthly rental index. The stock of rental properties within the private sector dropped by 21% in London compared with a fall of 4% across the UK.
Rental stocks in four UK regions are still on the increase with Wales showing a growth of 13%, the West Midlands 12%, the North East 6% and the South East 5%.
The report also reveals that the ratio of homes bought by landlords during 2017 as a percentage of the total market dropped to a nine year low of 12.5%, compared to 14.7% in 2016 and 16.3% in 2015.
Full story available from The Negotiator: https://thenegotiator.co.uk/landlord-exodus-revealed-stock-london-rental-properties-drops-21/