It has been claimed that one in every 12 homes in 2017 has been up for sale in the previous six months before the property has been put onto the rental market. This adds up to 80,000 homes in total
While the average investor owns their rental property for 17 years, the typical accidental landlord rents out their home for an average of just 15 months. Eighty nine per cent of accidental landlords put their property back up for sale after the first tenant moves out, rather than looking for a new tenant.
So if you have been trying to sell your property and have not had any luck, then think about renting. Our expert team at East Midlands Property Management who will be able to help and advise you.
Grantham 01476 565626 or Newark 01636 612002