The average landlord who sold their rental property in 2017 did so for £86,651 more than they paid for it, having owned the home for an average of 8.7 years.
In London the capital gain was much more - an average £253,981.
The figures have come from Countrywide’s research team, which says that these capital appreciation figures are impressive but actually slightly lower than comparable gains would have been for owner occupiers selling properties in 2017.
Owner occupiers made on average £92,886. The higher figure is because on average they owned the property for nine full years.
Johnny Morris, research director at Countrywide, says: “House price growth has driven investor gains. Landlords selling in 2017 owned their homes for nearly nine years and in eight of them house prices have risen. Even in areas where price growth has lagged behind most landlords have made a profit from rising prices.”
Meanwhile other data from Countrywide shows that the average rent of a new let rose to £954 per calendar month across Britain last month.
This means the rate of annual rental growth has slowed to 1.5 per cent, down from 2.4 per cent the previous month.
The number of landlords has fallen over the last two years...
Countrywide claims that the proportion of landlords paying in cash for...
The number of mortgage products has more than doubled over the...
In the three months after the introduction of the three per...
It’s tempting to think that Michael Gove’s proposed clampdown on Airbnb-style...
Councils across England could make an additional £540m a year in...
The vast majority of negligence claims against conveyancers are for relatively...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
.png)
I think we can all agree that the National Trading Standards...
Houses in Multiple Occupation are making up an increasing percentage of...
A lettings agency has been expelled from The Property Ombudsman scheme...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
The government has written to Conservative MPs promising changes to the...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment