Almost £1.4bn of property for sale in England
By Jon YarkerEquivalent to over 1,300 portfolios for sale
Section: Research
There is almost £1.4bn of property investment portfolios up for sale in England, according to new analysis from Rushbrook.
Analysis of current listings found there are an estimated 1,322 property portfolios up for sale with a combined asking value of £1.398bn and an average asking price of £859,970.
Each listing represents an investment portfolio and potentially multiple properties, with the data not specifying the number of individual properties contained within each portfolio.
The South East accounts for the largest proportion of available investment portfolios, with 16.8% of the national total.
The North West follows closely behind with, accounting for 14.8% of all listings, while London ranks third with 14.4%.
While the South East offers the greatest number of investment portfolios, London dominates when it comes to the total value of properties being marketed.
The capital accounts for an estimated £451m worth of investment portfolio listings, equivalent to 32.3% of the £1.4bn national total.
London also commands by far the highest average asking price, with investment portfolios listed for an average of £2.4m.
Conversely, the North East offers the lowest average portfolio asking price at £477,987, followed by the North West at £588,649 and Yorkshire and the Humber at £599,219.
Keywords: Rushbrook, Property, Economy, Housing, Investment, Affordability, Housing Shortage, North West, North East, London, South East
Source: BTL Insider — https://btlinsider.co.uk/almost-14bn-of-property-for-sale-in-england