Landlords Sell Almost 4,000 Buy-To-Lets A Month

Landlords are offloading 3,800 buy-to-let properties a month leading to the first drop in the number of homes available to rent in 18 years, official figures confirm. The latest Ministry of Housing report shows the number of privately rented homes in England fell by 46,000 to 4.79 million last year - the largest reduction since 1988. The figures come two years on from sweeping tax reforms to the buy-to-let sector which have bitten hard, decimating profits for thousands of British landlords. It marks the end of a rise in the volume of rental dwelling stock that has been ongoing for nearly two decades. Read more on the Daily Mail website.

http://www.dailymail.co.uk/money/buytolet/article-5771875/Landlords-offload-4-000-buy-lets-MONTH.html