The number of UK buy-to-let investors in the market reached 2.5 million in the latest tax year, an increase of 5% year-on-year, research by London estate agent ludlowthompson has found.
The number of investors in the market increased by 27% in the past five years, up from 1.97 million in 2011.
Stephen Ludlow, chairman at ludlowthompson, said: “Rising numbers of landlords shows the enduring appeal of buy-to-let, particularly in London.
“The long-term picture for the buy-to-let market remains strong. As a ‘London-leaning’ Brexit looks more likely, a final deal will focus on strengthening the appeal of the capital as a go-to destination for overseas professionals, graduates and students alike.
“Our own figures underline the strength of London’s attraction with a significant increase in rental applicant numbers since the start of 2018. In addition, job creation in the capital remains healthy, its social scene is world-class and new, better transport links continue to come online.”
Source: Mortgage Introducer