NetRent (2)

Almost a billion pounds invested to improve buy to let sector

Landlords spend an estimated £839m each year upgrading newly purchased rental property before letting it out to tenants, helping to drive-up standards in the sector.

The figure comes from a Paragon Bank survey of approximately 900 landlords showing that nearly four in five invest in upgrading property after purchase, spending an average of £8,720 each.

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