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Monday 30th September 2019

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Total Number of Property118 Comments: 1


12:35 PM, 30th September 2019, About 2 years ago

Section 21 ban would devastate PRS

Disclaimer; I am not a landlord, nor a tenant.

Those million properties will all be part of chains, they'll either be bought by existing cash rich landlords or owner occupiers. However what is being missed here is that those million homes being dumped onto the market, at roughly the same time will collapse it. Especially as they will likely be largely 1-3 bedroom places. Remember, there is extremely few people able to buy at existing prices, therefore the market will fall considerably as distressed property sellers become further distressed. With MMR in place, and average savings of less than £1,000, and without BTL buyers, there are very very few proceedable buyers... Read More