Real Estate
Deals for UK Buy-to-Let Homes Drop to Record Low, Boosting Rents
- Landlords bought smallest share of UK homes since at least ’10
- Tax, regulation and higher rates reducing buy-to-let purchases
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Britain’s landlords are purchasing fewer buy-to-let homes, worsening a supply shortage that’s causing rents to skyrocket, according to real estate brokerage Hamptons.
Landlords purchased 10% of all homes sold across Britain during the first half of the year, the smallest share since records began in 2010, Hamptons said in a report. That comes even as yields rose to record highs across the country, showing the impact that higher borrowing costs and policy changes are having on the rental-investment market.