First-time buyers benefit from increase in rental property sales

Recent research into the housing market has signalled an increase in landlords selling previously rented houses to first time buyers.  In every region of the UK, including Scotland there was a steep rise in properties for sale that had been previously rented out in 2020. Buyer demand has also remained strong through the first six weeks of 2021 and is up 12.4% compared to the same point last year

There are several reasons for this increase, one of the key drivers in the increase of rentals being put on the market is talk of a potential rise in capital gains tax for landlords selling additional properties.  This may be prompting landlords to sell before changes may take effect. 

During Covid-19 there has also been a lively sales market which may encourage landlords to sell with future uncertainty looming.  Now may be a good time if you are a landlord to consider your options within your property estate. Our Estate agency service can help manage the sale of your house or flat on behalf of landlords.