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

Buy-to-let (BTL) Mortgages in the UK explained
Updates: 6 Mins Read
Buy-to-let (BTL) Mortgages in the UK explained

Buy-to-let is a popular investment. When you buy a property for the purposes of renting it out you will probably need a buy-to-let mortgage. Many

How to Deal With Damp and Mould in Rented Property – Who’s Responsible? Tenant or Landlord?
Updates: 7 Mins Read
How to Deal With Damp and Mould in Rented Property – Who’s Responsible? Tenant or Landlord?

Mould and damp are health hazards which will eventually damage your property. Find out how to spot the symptoms and resolve any problems.

Act now if you want to move to limited company status, landlords advised
Updates: 2 Mins Read
Act now if you want to move to limited company status, landlords advised

Landlords considering setting up a limited property company should act while the chancellor’s stamp duty holiday is still in force, according to tax experts. Setting