18% of former rental properties in UK for sale, up from 8% in 2010; London at 29%.
Rightmove reports a record rise in former rental properties for sale in the UK, now at 18%, up from 8% in 2010. In London, nearly 29% of homes for sale were previously rentals. This trend, attributed to rising costs and potential increases in Capital Gains Tax, indicates that landlords are selling rather than renting. While this may limit rental supply, it could offer more options for first-time buyers.
September 04, 2024
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