Figures show sector worth three-and-a-half times more than 2001, with new pension rules likely to see more #money flow in Private landlords in Britain are set to own £1tn worth of homes by late spring 2015, it was predicted on Thursday, as rising #houseprices and growing appetite from investors drives up the value of the booming buy-to-let sector. The private rented sector has expanded rapidly in recent years, as would-be first-time buyers have struggled to get a toehold in the #housing ladder. Official figures show that since 2001, nearly 2 million households have been added to the sector and a report by mortgage lender Kent Reliance forecasts that by 2016 the total will have grown to 5 million, representing just under one in five households. Continue reading... dlvr.it/7R9zdL
Posted on: Thu, 06 Nov 2014 11:06:02 +0000