A debt advisory service claims it has calculated the overall size of the private rental sector.
Sirius Property Finance analysed the current state of the PRS, looking at the level of stock, the current market value of this stock, the average yield available and how this has changed since 2019.
The latest figures show that the overall size of the PRS has grown by 2.4 per cent across England since 2019, with 4.876m properties.
The South East has driven this growth with a 9.1 per cent increase, along with the South West (up 7.4 per cent) and the North West (up 3.8 per cent). However, the East Midlands (down 9.9 per cent), Yorkshire and the Humber (down 0.4 per cent) and East of England (down 0.3 per cent) have all seen a decline in PRS stock when compared to the pre-pandemic market.
The analysis also claims that the current total value of PRS stock is £1.536 trillion across England alone, having seen a 30 per cent increase since 2019 alone.
At an estimated £575.7 billion, London has seen the smallest increase in value since 2019, at 16 per cent. TheSouth West has seen the largest rise - up 41 per cent.
Finally, the analysis shows that of the 4.876m rental homes across England, just 130,272 are currently listed online as available to rent, equating to just 2.7 per cent of all PRS stock.
A spokesperson for Sirius says: “Despite the government’s sustained attempts to dampen the enthusiasm of buy-to-let investors, the private rental sector has continued to grow in size over the last few years.
“This growth, combined with the high rates of house price appreciation seen throughout the pandemic, have pushed the total value of the sector to a quite remarkable level.
“However, previous whisperings of a hike in capital gains tax will remain a worry for those who have benefited from an increase in the value of their buy-to-let portfolio. Should these changes come to fruition in the future, we may well see many landlords scramble for the exit to avoid the government’s latest cash grab.”
Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.
Average rents for one-bed rental properties continued to grow during September,...
A veteran lettings agency chief says future economic growth in part...
Average annual rental growth across Britain hit 8.0 per cent in...
A run of eight consecutive months of falling rents in London...
The vast majority of tenants are unaware of new laws introduced...
Despite the recent tax crackdown, buy-to-let continues to look an attractive...
The property market had enjoyed a boost thanks to the outcome...
There wasn’t much by way of good news in the Spring...
National Landlord Investment Show has announced that the former Leader of...
Twenty twenty-four is a pivotal year for landlords in the Private...
The management of BTL properties, whether it's a modest collection of...
We are thrilled to report that the first National Landlord Investment...
A council has prosecuted a landlord for letting out two HMOs...
The Labour-led government in Wales has issued a consultation proposing the...
Another council is looking for landlords with rental properties to match...
Another council is looking for landlords with rental properties to match...
.png)
Landlords and renters’ activists are at either end of the spectrum...
A prominent lettings sector expert is blaming the media for anti-landlord...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you? I am the Head of Broking for...
Join the conversation
Jump to latest comment and add your reply
A 9.9% drop across the E Midlands - that explains the huge rise in rents & the lack of properties. Could SL be playing a role?
Selective Licensing is def playing it’s role in making it more expensive to rent a property
John, just add the cost to properties not covered by Selective licensing but by Mandatory and Additional licensing Schemes with double the Application Fees and other requirements.
Then add on S24, interest rates and never being able to recoup from a bond due to DPS kangaroo court and…. Hey at least we can serve them notice to leave… oh yeah about that
Who exactly are Sirius Property Finance?? Just another advertorial....
I just do not believe this. It does not stack up. I am not seeing any growth - quite to opposite but to be fair I am east of England,,,,
There seems to be a lot of misrepresentation going on in the media for example the
Govt English Private Landlord Survey 2021 states that "The number of households in the sector rose by 45% between 2008-09 and 2020-21, from 3.1 million to 4.4 million households" but this is very - and almost deliberately misleading. They failed to mention that the number of households topped out at about 4.7 million in 2016/2017 and since then over 300,000 rentals homes have been lost from the sector as Landlords sold up and this downward trend has continued to date. To add to this I believe demand has risen somewhere in the region of 48% since I think about 2016/17 (not sure of the exact time period - sorry - but it is definitely increasing!).
I think a lot of interested parties have a lot to lose as landlords exit so are trying to encourage investment in the market. I spoke to my EPC man the other day and he said he was definitely seeing a lot of consolidation from bigger portfolio Landlords and those with 1 or 2 properties were selling due to the weight of new legislation and/or taxation rules. Sorry - do not buy into this article.
Agreed, a lot of these surveys/stats are more than a little unconvincing, if not down right misleading.
Please login to comment