More for less as num­ber of land­lords di­min­ishes

Birmingham Post - - BUSINESS -

LAND­LORD numbers have been shrink­ing but those who are still op­er­at­ing are ex­pand­ing the num­ber of prop­er­ties they own, re­search sug­gests.

Let­tings net­work Coun­try­wide said the num­ber of land­lords has fallen over the last two years, de­spite a rise in sup­ply of homes avail­able to rent.

It said fewer land­lords com­bined with more rental prop­er­ties means the size of the av­er­age land­lord’s port­fo­lio is the big­gest since its records started in 2005.

The av­er­age land­lord owned 1.44 rented homes in 2017, up from 1.33 in 2015 and a low of 1.24 in 2010, Coun­try­wide said.

It es­ti­mates that the num­ber of land­lords across Bri­tain peaked at 3.72 mil­lion in 2015, com­pared with 3.56 mil­lion in 2017.

But it also cal­cu­lates that the num­ber of rented homes has in­creased, from 4.9 mil­lion in 2015 to 5.1 mil­lion now.

In 2015, 80 per cent of land­lords only owned one prop­erty, but by 2017 that

De­spite ex­pand­ing port­fo­lio sizes, 73 per cent of land­lords own one home Johnny Mor­ris

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