Landlord numbers still rising

Landlord numbers still rising

One year on since the UK government announced major changes to the buy-to-let sector, including the new 3% stamp duty levy, have we seen a significant drop in landlord numbers as a result?

The changes were expected to have significant repercussions on the buy-to-let market and, whilst there has certainly been an impact, it doesn’t appear to have dented the number of landlords still seeking to maximise on the property market.

New figures from London-focused estate agent Ludlow Thompson have revealed that the number of active landlords across the UK has actually grown by 27% over the last 5 years, with sustained growth throughout 2017.

The estate agent reported a fifth consecutive year of growth in the average number of buy-to-let properties owned by the landlords on their books, with portfolios rising to 1.8 properties for each landlord in the last year.

Remarkably, the government’s tax changes have not impacted growth in the sector. Commenting on the figures, Stephen Ludlow, chairman of Ludlow Thompson, said: “The long-term picture of the buy-to-let market remains strong. Even taking into account the implementation of government changes to buy-to-let tax relief, there are a number of tax reliefs available to landlords.”

These latest figures are encouraging for landlords and for investors looking to reap the benefits of the buy-to-let market.