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Showing posts with the label landlords flood the rental market 11.5% rise in rental properties

March buying spree followed by UK landlords flooding the rental market ?

After March buying spree, landlords flood the rental market  11.5% rise  in rental properties being listed in April  ?   From the section Image copyright Landlords who scrambled to buy homes earlier this year are beginning to rent them out, providing tenants with a flood of properties, research suggests . A record number of sales took place in March, as buyers tried to beat last month's  Stamp Duty deadline . That has resulted in an 11.5% rise in rental properties being listed in April, according to data from the website Rightmove. Some towns, like Worcester, have seen rental listings surge by nearly 50% . Even in London, the number of homes for rent rose by 9.1% last month, says the research conducted by investment firm Property Partner. It looked at 90 towns and cities across the UK, and found that the supply of properties went up in 82% of them. Where rental properties are coming onto the market Town Region % increase in listings (April v...