WHO BUYS A RENTAL PROPERTY?
Buy-to-let investors continue to play a significant role in the property market, accounting for nearly 30% of property purchases, as reported by agents. It's no surprise that these savvy investors are often the first in line when a rental property is put up for sale.
According to Zoopla, around 11% of the homes currently on the market were previously rented out. This proportion has gradually decreased over the past three years, dropping from its peak of 14% in 2020, during the height of the Covid-19 pandemic. The market has been evolving, but there are still ample opportunities for investors looking to venture into the rental property market.
As the summer months roll in, the rental market gears up for its busiest time of the year. Demand for rental homes continues to outpace supply, leading to swift lease agreements and minimal void periods. It's a landlord's dream come true! So if you've been considering renting out a property, now is the perfect time to capitalize on the high demand.
The private rented sector has experienced remarkable growth, with over 5 million households now residing in rental properties. This represents a substantial increase of close to 20% compared to a decade ago. The rental market is booming, providing a wealth of opportunities for investors to expand their portfolios.
THINKING OF BUYING OR SELLING A HOME?
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