Buy to let remains a popular investment option for Brits, despite being the subject of major reform over the last three years. Government legislation since 2017 has been increasingly hostile towards buy-to-let owners but could the aftermath of the pandemic prompt a change?
Figures from 2018 show that the Private Rented Sector [PRS] provides homes for over a fifth of the population, that’s more than 4.7m households, making it bigger than the Social Sector and it’s doubled since 2002.
Large institutions are discovering their appetite for what’s called Build To Rent [BTR] – effectively whole developments given over to renting – somewhat later than their European counterparts who, despite a lack of house price inflation in their countries, have realised that long term tenants provide sensible returns for the vast pension sector. Renting is considered quite normal for most in Europe and needs to be normalised here.
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