Buy-to-let landlords have driven a massive shift in the
property market that has taken a million homes out of residential ownership in
a decade. Since 2005, an extra one million homes are now occupied by a tenant
rather than homeowner. Countrywide, which conducted the research, said amateur
landlords and other property investors make formidable competition for those
trying to buy a place of their own. Two million homes have changed tenure in
the last decade, either switching from home owners to landlords or vice versa.
The rapid growth of the private rented sector over the last 10 years means that
one million homes occupied by the owner in 2005 are now owned by a landlord.
Read more on the Introducer Today website.
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