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Dominant buy to let investors squeeze out home buyers

Series: RICS Press Release ; (pr018) 25 February 2004 (3)Publication details: 2004Subject(s): Summary: RICS "Residential Lettings Survey for Great Britain" for the three months to end of January 2004 shows first time buyers are being squeezed out of the housing market by buy-to-let investors who become the landlords of those who would otherwise be owner-occupiers. 21% of RICS members report rises in the number of house lettings, up from 13% in the previous quarter. Rents have increased modestly across Britain in the last three quarters; a net 12% more surveyors reported a rise in rents than a fall, up from 5% in October last year. For the RICS residential lettings survey for Great Britain" http://www.rics.org/ricscms/bin/show?class=MarketS urvey&template=/includes/showmarketsurvey.html&id= 82For the RICS Press Release: http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1131

RICS "Residential Lettings Survey for Great Britain" for the three months to end of January 2004 shows first time buyers are being squeezed out of the housing market by buy-to-let investors who become the landlords of those who would otherwise be owner-occupiers. 21% of RICS members report rises in the number of house lettings, up from 13% in the previous quarter. Rents have increased modestly across Britain in the last three quarters; a net 12% more surveyors reported a rise in rents than a fall, up from 5% in October last year. For the RICS residential lettings survey for Great Britain" http://www.rics.org/ricscms/bin/show?class=MarketS urvey&template=/includes/showmarketsurvey.html&id= 82For the RICS Press Release: http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1131