Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
New sign that buy to let may be past its peak
New analysis of Companies House data by lettings agency Hamptons suggests that the rapid growth in new buy to let companies may have peaked.
According to the analysis, the number of new company incorporations is falling, as fewer existing landlords transfer properties they already own into limited company structures.
What this means for agents
The report points to a slowdown in the trend of landlords incorporating their portfolios, a shift that has driven much of the growth in buy to let company formations in recent years. Letting agents and inventory clerks working with limited company landlords may wish to note the reported change in direction, though the source article does not provide specific figures or further detail beyond the headline findings.
Source: Letting Agent Today