Home  London Property News  Landlords make £177bn in five years

Landlords make £177bn in five years

Reading Time: 1 Min Read

Landlords make £177bn in five yearsResearch revealing that landlords have raked in £177bn in profit from capital growth over the past five years has led to accusations that they are taking advantage of tenants and whacking up their rents at every given opportunity.

But this does not paint a true picture of the situation, with the majority of landlords treating their tenants very fairly.

Instead, the high rate of capital growth reflect soaring house prices in the UK, especially in London. Demand for rental property in the UK capital is higher than ever due to a lack of supply and a large workforce.

There has also been a boom in the number of buy-to-let and ‘accidental landlords’ who couldn’t move so rented out their properties instead.

Critics claim that higher prices make it next to impossible for first-time buyers to get onto the ladder and that the growing number of landlords exacerbate this issue.

For more information click on the link below:

FT.com

Neil Jennings

Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.

Related Post

What To Look For When Buying A Buy To Let Property
Updates: 7 Mins Read
What To Look For When Buying A Buy To Let Property

Looking to buy an apartment for let in London? Here’s some factors you may want to consider.

The Letting Agent Fees Ban in the UK
Updates: 5 Mins Read
The Letting Agent Fees Ban in the UK

Landlords and letting agents are not allowed to charge any non-permitted fees to tenants, here we explain the Letting Fee Ban Act.

Landlords note – a new government How to Rent guide has been issued
Updates: 2 Mins Read
Landlords note – a new government How to Rent guide has been issued

Landlords are advised that the government has released a new version of its How to Rent Guide which takes into account new legislation.