Buy to let heat maps show spread of private rentals

Buy to let maps have revealed how property investment has spread across England and Wales during the past decade.

Land Registry data from 2001 until 2011 was analysed by estate agents Strutt & Parker to reveal investment hotspots.

The maps show that the first property investors to market bought homes in eight cities with a market for rental homes for workers and students.

Then, over the decade, the number of private rental homes multiplied and spread across both countries.

In 2001, hardly any areas outside London had more than a 20% proportion of buy to let homes.

In 2011, the map reversed and virtually everywhere has a buy to let market ' and over 50 towns and cities are private rental hot spots.

The maps show buy to let hot spots have proliferated by more than 600% in 10 years.

During that time, the number of buy to lets has grown from 1.9 million to just under 4 million.

Stephanie McMahon, Strutt and Parker?s head of research said: 'The private rental sector has changed dramatically over the past decade, and although this brings us more in line with our northern European peers we are still some way off the scale of the rental sector in countries like Germany and Switzerland. In our view it is likely that overall home ownership will remain between 60% and 70% over people?s lifetimes, but we will see much more openness to rental at different life stages and for longer time periods.?

?It is widely acknowledged that long-term rental is increasingly common, driven by factors such as whether the younger generation are able to raise deposits to buy, or indeed the older generation releasing capital from their homes for care and pensions. The varied growth of this market across the UK clearly points to a need to understand local markets rather than just the big picture.?

Buy to let heat map – 2001

Buy to let map 2001


Buy to let heat map 2011

Buy to let heat map 2011

Source: Strutt & Parker

The article Buy to let heat maps show spread of private rentals appeared first on LandlordZONE.


Article courtesy of LandlordZONE
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