Private landlords in Britain are set to own £1tn worth of
homes by late spring 2015 as rising house prices and growing appetite from
investors drives up the value of the booming buy-to-let sector. The private
rented sector has expanded rapidly in recent years, as would-be first-time
buyers have struggled to get a toehold in the housing ladder. Official figures
show that since 2001, nearly 2 million households have been added to the sector
and a report by mortgage lender Kent Reliance forecasts that by 2016 the total
will have grown to 5 million, representing just under one in five households.
Buy to let landlords now own properties worth a total of £930.7bn,
three-and-a-half times the £262.1bn the sector was worth in 2001. Read more on
the Guardian website.
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