Property News > Active landlord numbers hit seven-year low

Active landlord numbers hit seven-year low

There were just 2.66 million landlords operating in the UK in 2019 as figures fell to a seven-
year low, according to Hamptons International’s monthly lettings index.

Indeed, the data shows an 8% decline in just two years since the number of active landlords peaked in 2017.

It is widely suspected that landlords have been driven away from the sector in such large
numbers due to the more challenging market conditions brought about by measures such as the mortgage tax relief reduction and the 3% stamp duty surcharge on buy-to-let properties.

Aneisha Beveridge, head of research at Hamptons International, said: “Those who have
stayed tend to have bigger portfolios – a further sign that the sector is professionalising.

“The average landlord in Great Britain owned 1.93 properties last year, the highest level
since 2009.

“Rents rose in every region across Great Britain in January to stand 3.6% higher than at the
same time last year.

“The number of new homes purchased by landlords remains low, which is feeding through to fewer homes available to rent. This is particularly true in the South, where rents are rising the most.”

With portfolios comprising 2.05 homes on average, landlords in the North East have the
largest estates, followed by those in Yorkshire and the Humber and London, where the
average landlord portfolio consists of 2.03 and 2.01 properties respectively.

In January 2020, average rents increased by 3.6% year on year to £998 per month.

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