The number of residential properties in the private rented sector has risen again this year. Approximately 17%, or nearly 1-in-6 of all British houses now belong to the private rental sector, reflecting an increase of 229,000 properties on last year.
Despite mortgage difficulties the opportunity to secure bricks and mortar investments remains as quintessentially British as drinking tea. The rise continues, fuelled by a combination of landlords buying property with cash and buy-to-let mortgages, people letting out homes they have inherited and homeowners deciding to let their property and, in some cases move into private rented accommodation themselves.
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