As the property site Rightmove reported new seller asking prices had dropped by 1.7% or £6,088 last month to an average of £362,143, the estate agents Hamptons said landlords were on target to have bought the fewest number of homes since 2010 once the period of the first Covid lockdown was discounted from the data.
It said that while the 2023 sell-off had been less pronounced than over the last two years, it was continuing the recent trend started in 2021.
The share of homes sold by landlords fell from 15.7% in 2022 to 14% So far this year. Investors have bought about 11.2% of all homes put up for sale this year, compared with 15.7% in 2015.
Hamptons said individual landlords will have sold 294,300 more homes than they had bought since 2016, more than the total number of homes in Manchester or Cornwall.
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