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 background is in marketing and business development and has over 20 years experience in the field. He runs Asset Grove and is involved in the marketing strategy for most of our campaigns.

Related Post

How to become a landlord
Updates: 12 Mins Read
How to become a landlord

Check out our complete guide to becoming a landlord including responsibilities and regulations…

When should I change the locks on my buy-to-let property?
Updates: 4 Mins Read
When should I change the locks on my buy-to-let property?

Should landlords change the locks at the end of a tenancy? Is it a good idea for landlords to change the locks between tenancies? Read this article to get some advice on when to change the locks on your buy-to-let property.

Citizens Advice warns about deposit replacement schemes
Updates: 2 Mins Read
Citizens Advice warns about deposit replacement schemes

Citizens Advice is alerting tenants to the drawbacks of using deposit replacement products instead of a government-backed scheme.