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Landlords continuing to bale out of the property market – as Government intended

Landlords continuing to bale out of the property market – as Government intended

Landlords are continuing to exit the property market, Belvoir said.

The company said that in the third quarter of this year, its offices showed an increase from 48% to 52% of landlords selling up to three properties, and a similar number selling between four to five properties, compared with the second quarter.

There was a decrease, from 17% to 12%, in landlords selling six to ten properties.

Belvoir CEO Dorian Gonsalves said that two years ago, 10% to 18% of its offices were reporting no sales of landlord properties. This figure is now 4% to 5%.

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