So the market could see an increase in properties for sale?
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You mean these houses are being demolished?
Or maybe they are being bought by someone who is going to live in them.
houses with sitting tenants can be less attractive to some so tennants will be asked to leave so houses for sale will often be empty
and because they where bought as investments they will be over priced and not sell so not open to the rental market for much longer than other years
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No fall where I live , homes in my street usually sell within 2 weeks .
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Who has sold a house with sitting tenants?
Do you tend to get more if the house is empty?
Do you tend to get more if the house is empty?
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2nd property tax impacts the whole market, not just buy to let. It’s only impacted the mortgage to rent market in terms of taking buyers out. But the overall market impact is people staying put due to the tax implications of moving.
The impact is volume not price. Hence estate agent suffering rather than prices falling.
The impact is volume not price. Hence estate agent suffering rather than prices falling.
So its not reducing prices of houses or rents.
thats over simpification of the market, so not good news.
private rented properties have more occupants than owner-occupied properties. For example, a four bedroom house in the private rented sector is more likely to have four or more occupiers than the same property in the owner-occupied sector. So moving property from the rented sector into owner-occupation is likely to reduce the total number of people housed, increasing homelessness.
Many relatively affluence first time buyers will have moved straight from living at their parent’s home. Property sales by landlords will thus often benefit these buyers at the expense of renters who must find another home in the now shrunken private rented sector.
The size of the private rental market is already down by 111,000 As landlords are selling up in droves due to the punitive S24 tax and too much legislation. The number of homeless people single and families has risen by at least a million and will continue to rise.
Many tenants are evicted under the no fault process usually for rent arrears and breach of tenancy. Not because the landlord wants them out on a whim! Many landlords are just working class people who have invested their life savings in property for a pension in future.
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And sadly don't understand their responsibilities as a landlord or the true cost of maintaining a property.
It would interesting to know how many of these buy to let landlords voted remain.
With the prospect of Brexit and an end to easy money to be earned from Eastern European migrants looking for somewhere to live, then maybe it is a good thing that these buy to let landlords get out of the market.
The government could buy out the buy to let's at a fixed price and then rent them to young couples at a fair rent with the option to buy later, this would mean less houses would have to be built on greenfield sites and the like.
Thousands of properties are lying empty around the UK because it pays their selfish owners to keep them empty.
With the prospect of Brexit and an end to easy money to be earned from Eastern European migrants looking for somewhere to live, then maybe it is a good thing that these buy to let landlords get out of the market.
The government could buy out the buy to let's at a fixed price and then rent them to young couples at a fair rent with the option to buy later, this would mean less houses would have to be built on greenfield sites and the like.
Thousands of properties are lying empty around the UK because it pays their selfish owners to keep them empty.
We will always need migrants and they will need to live in the same places they lived prior to Brexit.
Aren't there different categories of tenancies ,doesn't a sitting tenant have more rights than some other types of tenants.
If there are less migrants arriving post Brexit than pre Brexit then demand for accommodation should reduce.
The EU shortfall will have to be taken up with more from Asia probably.
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