28/08/2021
The value of the Private Rented Sector (PRS) in England, Wales and Scotland grew by 5.8% to £1.4trn in the last year according to new data.
March 2021 saw house price growth of 9.9% year-on-year, as the stamp duty holiday boosted confidence and demand. Buy-to-let properties have also seen marked price increases, with the value of the average buy-to let property across the UK rising by 5.6% to December 2020 to approximately £258,900.
The research also shows that demand from tenants has been growing. In total, 42% of landlords report that they have seen demand increase for their properties in the past 12 months.
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