100% more landlords selling up in East of England

by Property 118

8:56 AM, 27th December 2018
About 2 years ago

100% more landlords selling up in East of England

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100% more landlords selling up in East of England

The number landlords exiting the market in the East of England stood 100% higher than the national average in November, ARLA Propertymark reveals.

Landlords have faced continued legislative change and increasing costs over the last few years, and many are either having to pass the costs on to tenants or exit the market. In November, the East of England was the highest region for landlords selling up, with eight per branch, compared to the national average of four.

David Cox, Chief Executive, ARLA Propertymark comments: “More than three quarters (78%) of ARLA Propertymark members think the number of landlords operating in the private rented sector will fall even further next year as they are driven out by rising costs. It’s therefore very likely that we’ll see the national average increase in line with what we’re seeing in the East of England.

“We’re all striving for the same end goal of improving the private rental sector for consumers, but the only thing which will truly create a better and fairer market, is a dramatic increase in supply.”



Comments

AA

10:26 AM, 28th December 2018
About 2 years ago

Don't you just love percentages. A means of measurement that enshrines the scope to lead a proposition or at its worst to deceive.. 100% increase - what ? from 1 to 2. Can we have real numbers. %ages can be worked out later.

Michael Barnes

14:24 PM, 28th December 2018
About 2 years ago

"The number landlords exiting the market in the East of England stood 100% higher than the national average in November"
Is it possible to have a "national average" of the number of landlords exiting?
Surely that is just a total, not an average.
Does it really mean "the proportion of landlords selling up in the East of England is double the national proportion"?


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