Healthy figures for buy-to-let companies
The proportion of properties let by company landlords has increased to 12% as of July this year.
Data collected by Hamptons International explains that this is the highest number of properties let by company landlords recorded since the firm’s records began eight years ago.
The estate agent estimates that collectively company landlords own 641,480 homes in Great Britain, 42% higher than the figure in 2015.
Regionally, landlords in London were most likely to own a buy-to-let property using a company structure, at 13%. This was followed by Scotland, the south excluding London, and the midlands all at 12%.
Furthermore, the data shows that the average cost of a new let in Great Britain rose to £986 per month in June, a 3.1% rise year-on-year.