Landlords sell up in Great Britain as buy-to-let market sours

Owners sell to offset losses from tax changes and rate hikes, meaning fewer homes to rent and thus higher rents

The great property sell-off by landlords has continued across Great Britain this year, in particular in Scotland, where the buy-to-let bubble appears to have burst.

As the property website Rightmove reported that new seller asking prices dropped by 1.7% or £6,088 last month to an average of £362,143, Hamptons revealed that landlords were on target to have bought the fewest number of homes since 2010 – once the period of the first Covid lockdown is discounted from the data.