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RickyD

Empty Homes

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Anyone else noticed a considerable amount of 'Empty Homes' appearing on rightmove recently in their area? I'm seeing a lot around Cambridgeshire.

I think those BTL'ers are selling up...

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I have been casting my net very wide and this is something that I have noticed.  There seem to be quite a few houses that are empty but I think some of these could belong to older people who have gone into care.  Having said that, the more empty, unloved and unsaleable house the better as far as I am concerned.  These are the small things that will help to bring about a reversal in sentiment.

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5 minutes ago, dougless said:

I have been casting my net very wide and this is something that I have noticed.  There seem to be quite a few houses that are empty but I think some of these could belong to older people who have gone into care.  Having said that, the more empty, unloved and unsaleable house the better as far as I am concerned.  These are the small things that will help to bring about a reversal in sentiment.

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I have been keeping my eye on the Cambridgeshire area for a couple of years now, and there seems to have been a surge of empty homes recently, which led me to the theory that perhaps the BTL'ers are selling up due to the new taxes and whatnot. Here's hoping!

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Not the south east but the north west here... for the last 2 years in my area I reckon at least 75% of 2 bed terrace properties have been bought by BTLers. They've been relentlessly hoovering up just about every small property that has come onto the market.

 

I was genuinely gobsmacked the other day when I received a Rightmove alert which consisted of 5 x 2 bed houses for auction, all on the same 2 streets, some tenanted other vacant, all obviously owned by one BTLer who is offloading.... I just hope it's a sign of things to come and not just a one off random occurrence.

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