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FREE landlord softwareTake advantage of our discounted landlord insurance rates4,000 rental homes are being sold off by landlords each month - so can you still make a profit? ⟶ https://t.co/lJm14bTupL pic.twitter.com/8a97a40yDK
— Which? Money (@WhichMoney) September 4, 2018
Tuesday, September 04, 2018
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"Data from MHCLG shows that almost 4,000 buy-to-let homes have been sold off by landlords each month. This means that the number of properties in England’s private rented sector dropped by 46,000 last year"
It doesn't mean anything of the sort, unless every one of the properties sold was sold to a private household and not to another landlord. Which? have neglected to study this aspect of the sell-off. My hunch is that most of these homes have been sold off by small, independent landlords and bought by larger corporate landlords.
After all, that is the Tory strategy - they want to drive small investors out of the BTL market to leave it open for their corporate pals to make a killing. That's the way with any Tory policy, the only reason they ever do anything is to help people in their circle to get rich at the expense of everyone else.
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