Outside of the residential market, Spencer reckons professional landlords are in for a “successful year” in 2023.
“With demand for rental homes piling on the pressure in the last year, we shouldn’t expect any respite from ‘generation rent’ in 2023,” Spencer said.
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“Younger generations are increasingly reluctant to make the transition from renting to home ownership, especially with rising living costs starting to bite, and we can expect to see professional landlords capitalise on this demand to expand their buy-to-let portfolios.”
jane.matthews@ft.com
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