The value of the private rented sector (PRS) in England, Wales and Scotland grew by 5.8% to £1.4 trillion in the last year according to a new report from Shawbrook Bank.
‘The Changing Face of Buy-to-Let’ report — which surveyed 1,000 landlords and 1,000 private tenants, along with detailed analysis of ONS data — found that the value of the PRS continues to rise, driven by a boom in house prices as a result of the stamp duty holiday and continued low supply.
It revealed that the value of the average BTL property across the UK grew by 5.6% to December 2020 to approximately £258,900.
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