Buy-to-let landlords are increasing rents or disposing of property at an almost unprecedented rate as interest rate rises threaten to send their investments into the red. The Times. Daily Telegraph. Financial Times
The RICS said that in the three months to April, 16% more of its members reported a rise than a fall in tenant lettings — down from 28% in 2006. That is the biggest drop in demand for almost two years and is below the long-run average of 18%.
The proportion of buy-to-let investors selling their property at the end of their tenant lease jumped to 5.2% in the first quarter of the year. This was much higher than the 4.1% in the final quarter of 2006. The level of selling is now at its highest in two years, reported the RICS