Sunday, December 22, 2024

Busiest housing market in four years as landlords sell up

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The housing market is the busiest it has been for four years, in part because landlords have been trying to sell up ahead of this week’s budget, especially in London.

Almost a third of properties in some parts of the capital that are currently listed for sale are former rentals, according to data from Zoopla, the property search website.

For example, 32 per cent of all homes up for sale in WC postcodes, which include Westminster, Islington and Camden, have been rented out within the past four years. In EC postcodes, which include popular renting areas such as Angel, Clerkenwell and Shoreditch, 27 per cent of properties for sale are ex-rentals.

Across the country as a whole, 12 per cent of all homes currently up

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