Overview
- Hamptons estimates millennials will create 33,395 buy-to-let companies in 2025, a 142% rise on 2020, taking their share of new incorporations to 50%.
- Three-quarters of shareholders in newly formed landlord companies are under 50, while baby boomers account for about 7% of new firms.
- Landlords bought 11.3% of homes in Q3, with the North East taking 28.4% of investor purchases versus 8% in London, reflecting a move to lower-cost, higher-yield markets.
- Average rents for newly let homes fell 0.3% in the year to September, led by a 2.7% drop in London and a 4.6% fall in inner London, while renewed tenancies rose 4.6%.
- One in five new buy-to-let companies this year are owned by non-UK nationals, with Indian and Nigerian investors leading activity outside London.