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The Guardian - UK
The Guardian - UK
Business
Miles Brignall

Landlords sell up in Great Britain as buy-to-let market sours

For sale signs
Hamptons said landlords in Great Britain were on target to buy the lowest number of homes since 2010. Photograph: Andrew Matthews/PA

The great property sell-off by landlords has continued across Great Britain this year, in particular in Scotland, where the buy-to-let bubble appears to have burst.

As the property website Rightmove reported that new seller asking prices dropped by 1.7% or £6,088 last month to an average of £362,143, Hamptons revealed that landlords were on target to have bought the fewest number of homes since 2010 – once the period of the first Covid lockdown is discounted from the data.

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