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Britain's 1 trillion landlords

Tuesday, 30th June, 2015

The value of property owned by landlords in Great Britain is set to break the 1 trillion pound barrier next year, according to the Kent Reliance's inaugural Buy-to-let Britain report.

The total value of property in the Private Rented Sector (PRS) in Great Britain has now reached 930.7 billion, climbing by 109.5 billion in the last year alone - a rise of 13.3%. From its recent trough in 2009, the sector has gained 302.5 billion. In fact, the financial crisis had little impact on the sector. Even since the 2007 peak of the property boom, it has risen by more than a quarter of a trillion pounds. 

The longer-term growth is even more impressive, with the value of landlords' assets now more than three and a half times its level at the start of 2001 (262.12 billion).

Resurgent property prices have been a key driver in the increasing value of the private rented sector but long-term growth has been underpinned by very strong demands from tenants. Since 2001, the PRS has expanded by nearly two million households - increasing by 71.4% since the start of 2001. There are now more than 4.6 million households in the UK PRS and while there are signs that the rapid house price growth may be slowing, Kent Reliance's analysis of current market trends suggests the PRS will break through the 1 trillion barrier in the second quarter of 2015.

FACTS

  • Value of buy-to-let property set to top 1 trillion in mid 2015
  • Value of buy-to-let property in Great Britain is now 930.7 billion, an increase of 109.5 billion in the last year
  • Total annual returns climb to six-year high at 15.1%, meaning landlords reap 123.6 billion nationwide.






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