289,000 Buy to let landlords sold up a BTL property in the last year - end of the world?Well it doesn’t look good, does it?
Until you see this.buy-to-let
237,200 buy-to-let properties were bought in England and Northern Ireland alone (and FYI 230,300 in 19/20 and 230,600 in 18/19).I will agree with you that a lot of landlords are leaving the sector - yet the net effect has only been a reduction of 51,800 BTL properties though (289,000 less 237,200).
So whilst approximately 6% of the BTL up properties in England and Northern Ireland were sold last year (289,000) but they were almost replenished by new BTL landlords (237,200).
A drop yes - Yet not the exodus many are saying.
Stop reading headlines and look at the cold hard facts.
And if you’re worried about inflation, have you seen the podcast that I did with Goodlord recently when I gave the five economic reasons why increasing inflation will actually make buy-to-let more attractive to landlords? (Listen to the Podcast here)
Yes, we will see a significant reduction in first-time buyers as their affordability is curtailed by inflation and the cost of living.
But many of those will be replaced by buy-to-let landlords.
It does mean you are going to have to work harder and smarter to attract those landlords to your letting agency
If you need help or guidance on that give me a call. I am the U.K.’s number 
Biz Gen specialist in attracting landlords to letting Agents.
Biz Gen specialist in attracting landlords to letting Agents. If you want more landlords, and you can find me then maybe you should hire the Watkin team
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