Despite strict mortgage rules and changes to stamp duty, more and more people are becoming landlords in the UK with 2.5m landlords according to the most recent figures.
The number of landlords has been found to have increased by 27% in the past five years, up from 1.97m landlords in 2011-12. On average, landlords own 18 properties each, a number which has risen for the fifth consecutive year.
With buy to let investments outperforming other major asset classes, including bonds, shares, and commodities, landlords continue to see residential investment – especially in the capital where renting is increasingly popular – as a good way to get a return on their money.
Our Managing Director Antony Antoniou commented the following: “Despite changes to Stamp Duty and mortgages, this rise in the number of landlords in the UK shows that buy to let remains an attractive asset class for investors looking for a relatively secure source of income. Here at Robert Irving Burns, we have significant experience of dealing with investors at all levels of the UK property market and can advise our clients at every step of the way.”
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