Greycoat Real Estate has been noticing a trend taking place that will surely have an effect on the rental market. Twice the amount of landlords in recent times with two or less properties are looking to sell and exit the rental marketplace when compared with those who own greater than 10 properties.
Landlords who own more properties are looking to buy even more in comparison to those who own less. On top of this, Greycoat adds, landlords who are not operating as a business with a focus on renting are intending to sell all of their properties and get out of the market altogether.
The Real Estate Agency has also been considering research that suggests that landlords with more properties are buying many of the properties being sold by landlords with less properties. For Greycoat, this seems to indicate that landlords who own more properties are remaining committed to renting while those with less properties are not.
Landlords with more properties tend to use limited companies, which helps them manage their budget, Greycoat real estate specialists comment. Unfortunately, these are affected by higher interest rates as well as changes related to tax.
Greycoat Real Estate is seeing that landlords who run a limited company are looking to buy more property than those who are not set up as a business. On the other hand, landlords who are renting out property that was once where they lived are looking to sell all of their properties and leave the rental game. The good news is that there are more landlords entering the market with the idea of setting up a business to rent out properties.