Investor sell-off grows as landlords quit sector

Investor sell-off grows as landlords quit sector


Todays other news
The database rolls out from later this year...
The Budget takes place next Wednesday...
The analysis is by prominent lettings agency Hamptons...
This is according to Citizens Advice...

Almost £1.4 million worth of property investment portfolios are currently listed for sale across England, according to property management firm Rushbrook. 

Itsresearch identified an estimated 1,322 property investment portfolios currently listed for sale across England, with a combined asking value of £1.398 billion and an average asking price of £859,970.

Advertisement

The South East accounts for the largest proportion of available investment portfolios, with 16.8% of the national total.

Advertisement

The North West follows closely behind with, accounting for 14.8% of all listings, while London ranks third with 14.4%.

Advertisement

While the South East offers the greatest number of investment portfolios, London dominates when it comes to the total value of properties being marketed.

The capital accounts for an estimated £450.9m worth of investment portfolio listings, equivalent to 32.3% of the £1.398 billion national total.

Advertisement

London also commands by far the highest average asking price, with investment portfolios listed for an average of £2.36m.

For investors looking to acquire an established property portfolio at a lower initial asking price, the research highlights considerable regional variation.

Advertisement

The North East has the lowest estimated average portfolio asking price at £477,987, followed by the North West at £588,649 and Yorkshire and the Humber at £599,219.

The East Midlands also sits below the national average, with portfolios listed for an estimated £714,872, while the West Midlands has an average asking price of £833,871.

A Rushbrook spokesperson says: “Buying an established property portfolio can be an attractive route for investors looking to expand their holdings without having to source and purchase each property individually. 

“It can also provide the opportunity to acquire an existing collection of rental properties and tenancies in a single transaction.

“However, while acquiring multiple properties at once may streamline the purchase process, it also means taking on the responsibilities associated with managing those properties from day one.”

Share this article ...

Join the conversation: Login and have your say

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. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Subscribe to comments
Notify of
1 Comment
Oldest
Newest Most Voted
Recommended for you
Related Articles
Person touching fingerprint scanner for digital security and identity verification.
The database rolls out from later this year...
The Budget takes place next Wednesday...
The analysis is by prominent lettings agency Hamptons...
This is according to Citizens Advice...
The figures come from lenders' trade body, UK Finance...
Tenants are increasingly discerning, claims the agent...
Is the answer to say No more often? Or to...
Recommended for you
Latest Features
Government forecasts 500,000 additional renting households by 2035, but landlord...
Lisa Blythe is Property Recovery Solicitor at SE-Solicitors,...
Sponsored Content
Property investment is a long-term strategy, but that doesn't mean...
The Renters’ Rights Act has sparked widespread discussion around rent...
Thinking About Selling Your Rental Property? Five Things Landlords Should...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

1
0
Would love your thoughts, please comment.x
()
x