Not all property owners are selling.another 2,766 houses added to the market
The report says 2,766 NoT were because of the owner wanting to sellNot all property owners are selling.
I was wondering about that too. I suspect many of these are new tenancies in the sense that the previous tenants left of their own accord and the property was re-let. It seems unlikely that nearly 100k entirely new properties entered the rental market in the 5 quarters covered and were let for the first time ever. If that had happened, the current lack of availability in the PRS would have improved significantly.Almost 33k NoT's from Jul22 to Mar24, that's not good for people looking for a rental.
Anyone know if the new tenancies figures are for extra dwellings that came into the rental market? A new tenancy could just be a change of tenants in a property.