The Financial Times have run an article questioning whether we are seeing the beginning of the end of Buy-to-Let.
The article can be seen here (subscription may be necessary), and gives the example of a long term landlord who began buying homes for rent over two decades ago as a student and amassed a portfolio of 200 properties across London, Liverpool and Devon. He is now deciding whether to sell many of them and says “Over the coming years I intend to sell all the properties I own in my own name. I’ll gradually move my capital to other sectors, in my case a chain of coffee shops and technology investments . . . Regulation and tax changes have fundamentally changed the economics of investing in the sector. I know many other landlords doing the same.”
Lucian Cook, residential research director at Savills comments “You’ll be left with a core of committed landlords who run it as a professional business. But a lot of people for whom the investment has become more marginal will be taking a second look at it.”