Brokers report they have seen a growing number of tenants say they have been given first refusal to buy the property they are renting over the last two months.
It is believed this is due to a combination of the new energy performance certificate (EPC) rules coming in 2025, an economic environment that is making it more difficult to produce yield, and property prices being a record-high levels.
Shaw Financial Services founder Lewis Shaw says he has indeed seen this play out, “Often with an element of gifted equity.
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