One in nine homes available for sale are former rental properties and are on average 25 per cent cheaper than homes that have been lived in by owner-occupiers
approximately 25 per cent lower than homes occupied by their owners, with prices averaging £190,000 and £250,000 respectively. The data suggests that certain landlords are looking to rationalise their property portfolios due to increased mortgage rates.rates, as well as the potential impact of increased regulatory measures and the elimination of tax benefits.
Matt Thompson, head of sales at estate agent Chestertons said: “Despite economic uncertainty, the year started with an incredibly high number of house hunters wanting to find a property.”
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