Well, the British government has introduced a lot of changes recently, that made the landlord lives harder and landlords did start to sell. Now we have a situation, where people fight over places to rent, most places don’t even get advertised, people take them without viewings and rent prices have skyrocketed. All while housing stock in general got noticeably reduced. And, of course, homelessness is through the roof.
while housing stock in general got noticeably reduced
I’m not sure how those two things can coexist. So landlords started selling but then nobody that owned just one property sold so despite the influx of properties being listed for sale, the stock reduced? So there’s fewer rental units which has people trying to get into them but there aren’t more people purchasing the properties?
Well, the British government has introduced a lot of changes recently, that made the landlord lives harder and landlords did start to sell. Now we have a situation, where people fight over places to rent, most places don’t even get advertised, people take them without viewings and rent prices have skyrocketed. All while housing stock in general got noticeably reduced. And, of course, homelessness is through the roof.
I’m not sure how those two things can coexist. So landlords started selling but then nobody that owned just one property sold so despite the influx of properties being listed for sale, the stock reduced? So there’s fewer rental units which has people trying to get into them but there aren’t more people purchasing the properties?