Investors return to the market says Rightmove
Rightmove, yesterday 12th October, published the Rental Trends Tracker for 3rd Qtr which headlined ‘Buy-to-let enquiries up 30% since May as investors return to the market’.
The report mentions: Buyer enquiries from potential landlords and investors are now up 30 per cent since May, new rental listings up on the same quarter last year and asking rents continue to fall in London. Further details and data in the rightmove report see below.
Rightmove’s Head of Lettings Sam Mitchell comments: “Investor activity has bounced back following the stamp duty changes, though some agents report that many investors are looking to knock sellers down on their asking prices to make up for the additional stamp duty they now need to pay . New rental supply has held up despite concerns that the stamp duty changes would lead to less fresh stock”.
Read the Rightmove Rental Trends Tracker report in full click here