Private rented sector value climbs to £1.4trn, but growth slows as two-speed market emergesMake Text Bigger
The seventh edition of the Kent Reliance Buy to Let Britain report has been launched. The report provides an update on the growing size and value of the private rental sector in Great Britain, and details the returns landlords are seeing across the sector all analysed by region. The seventh edition also focuses on the extent to which recent tax and regulatory changes have contributed to a slowdown of growth.
The report shows:
- Growth of the Buy to Let market is slowing as tax and regulatory reforms bite
- Number of households in the sector is growing at rate of just 2.2%, less than a third of the pace seen three years ago, as taxation and regulatory changes take hold
- Value of private rented sector (PRS) rises by 6.4%, with house price inflation outstripping growth in size of sector
- A ‘two speed market’ is emerging, with any growth in the supply of new rental homes driven by large-scale professional landlords
- Rents climb to £895 per month, but yields compress as house prices rise faster
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