NLA Says Property Market Will Be Flooded as Landlords Sell Up

By 2 min read • May 18, 2018

The National Landlords Association (NLA) has carried out research in the private rental sector, which reveals that 19% of landlords surveyed intend to sell some or all of their portfolios in the next 12 months. 45% of these landlords plan on offloading flats and 33% plan on selling terraced properties. This is good news for first-time buyers, as both flats and terraces are perfect first-time buyer properties. Only 7% of landlords looking to sell intend on selling their properties to other landlords, so first-time buyers could be in for a windfall.

NLA Warning

However, Richard Lambert from the NLA has signalled caution:
“These findings sound like positive news for potential new homeowners, but the reality is not everyone wants, or is in a position financially, to buy. In fact, if all these homes are sold as planned then it will lead to a significant fall in the supply of property available to those who choose to rent or have no other option but to rent”.

Significant Barriers to Home Ownership

First-time buyers face considerable hurdles on the path to property ownership, especially for younger would-be buyers living in the south-east. The government has tightened lending criteria, so it is no longer quite so easy to secure mortgage finance.

Many first-time buyers will also struggle to save up enough for a deposit, with sky-high rents in some areas hampering their ability to save.

Those who can’t afford to buy will be left renting for the foreseeable.

Was this post useful?
Thanks so much for your feedback!
Got it!
Thanks for your feedback.
Share with friends:
Popular articles

Get the best of Landlord Insider
delivered to your inbox fortnightly

Sign up and we’ll send you our latest posts, tax tips, legal tips, software tips and compliance deadlines, everything you need to know every two weeks. Unsubscribe any time.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.