Number of Landlords in the UK Hits Record High of 2.5m
By |Published On: 10th April 2018|

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Number of Landlords in the UK Hits Record High of 2.5m

By |Published On: 10th April 2018|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

The number of landlords operating in the UK has hit a record high of 2.5m, according to HM Revenue & Customs (HMRC) data acquired by London estate agent ludlowthompson following a Freedom of Information request.

Despite the tough changes introduced in the buy-to-let sector over recent years, the figures suggest that there is still a desire for investors to become landlords.

Strict new mortgage rules and difficult tax conditions have not deterred more investors entering the buy-to-let sector, with the number of landlords rising by 5% in 2015-16 to reach a record high of 2.5m.

The rise in buy-to-let landlords

 

 

 

 

 

 

 

ludlowthompson’s study found that the amount of landlords in the UK has increased by 27% in the past five years, from 1.97m in 2011-12.

Landlords now own an average of 1.8 buy-to-let properties each, which has risen for the fifth consecutive year.

The average number of properties per landlord

 

 

 

 

 

 

 

With investment in buy-to-let outperforming other major asset classes, including bonds, cash and shares, ludlowthompson says that landlords continue to see residential property – especially in London – as a strong investment.

Long-term landlords with the agent have recorded average annual returns of 9.9% since 2000.

Stephen Ludlow, the Chairman of ludlowthompson, says: “Rising numbers of landlords shows the enduring appeal of buy-to-let, particularly in London.

“The long-term picture for the buy-to-let market remains strong. As a London-leaning Brexit looks more likely, a final deal will focus on strengthening the appeal of the capital as a go-to destination for overseas professionals, graduates and students alike.”

He continues: “Our own figures underline the strength of London’s attraction, with a significant increase in rental applicant numbers since the start of 2018. In addition, job creation in the capital remains healthy, its social scene is world-class and new, better transport links continue to come online.”

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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