This shift away from older generations reflects that Baby Boomers, now in their 60s and 70s, are less likely to be setting up new portfolios. Instead, they’re more likely to be winding them down or passing them on to the next generation. (5/5)

Behind Millennials, Gen X have accounted for 33% of new shareholders in companies set up so far this year, followed by Gen Z with 10% and Baby Boomers with just 7%. (4/5)

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Five years ago, Millennials made up 40% of new buy-to-let shareholders. The number of new companies set up by Millennials has outpaced those led by Baby Boomers since 2017 and overtook Gen X-led incorporations in 2022. (3/5)

On current trends, we estimate Millennials will set up a record 33,395 new buy-to-let companies in 2025 - more than twice (+142%) the number incorporated in 2020. (2/5)

Despite affordability challenges, Millennials now lead new buy-to-let investment. Our analysis of Companies House data shows they now account for half of all new shareholders in buy-to-let companies across England & Wales. (1/5)

You can read our latest London outmigration report in full here: https://t.co/QL67MXFKJ7 (4/4)

Londoners leaving the city are compromising. Buyers are focusing on affordability over aspiration, reshaping migration patterns. The pandemic pushed buyers to rural spots, but now they're heading to affordable commuter areas like Dartford and Thurrock. (3/4)

Why are fewer people leaving London? A key factor is the return to the office and slower house price growth in the city, limiting homeowners' equity, especially as prices outside the capital have climbed. (2/4)

The Great London Exodus is slowing down. Our research shows the number of homes bought by Londoners outside the capital has halved since the peak in 2021. (1/4)

The falling share of new homes sold off-plan will threaten the government's 300,000 homes target as housebuilders rely on forward funding to progress developments. (6/6)

House price growth expectations drive off-plan sales, with investors shying away from markets where prices may not rise by completion, reversing 2016 trends. (5/6)

Nationally, the share of new homes sold off-plan sales hit the lowest level since 2012, with just 31% of new homes sold before completion in 2024, down from a 49% peak in 2016. (4/6)

London's off-plan sales dominance is waning as the capital sees just 55% of flats sold before completion, down from a peak of 81% in 2016. (3/6)

Salford saw 80% of new flats sold off-plan in 2024, nearly double the volume of any other local authority in England & Wales. Liverpool follows at 75%. (2/6)

The North West took top spot for new homes sold off-plan in 2024, with 63% of new-build flats sold before completion, the first time since 2007 any region has outperformed London. (1/6)

Our full report is available to read here: https://t.co/XCBRkh03oq and also includes our analysis of what’s happening to rental growth across the country (4/4)

Between 70% and 75% of new buy-to-let purchases now go into company structures. This means around 680,000 properties are held in limited company structures across England & Wales with the numbers growing by 70-100k annually. (3/4)

Since early 2024, Companies House has been home to more buy-to-let businesses than any other type of company. There were a record 61,517 new limited companies set up to hold buy-to-let homes in 2024, a 23% year-on-year increase. (2/4)

There are now over 400,000 companies set up to hold UK rental properties, a 332% increase in the nine years since George Osborne curtailed landlord’s ability to claim all their mortgage interest costs as a tax-deductible expense. (1/4)

You can read our full letting index here, which now includes new let and renewals data from 1,200 Connells branches. https://t.co/4q4nQCkHFB (5/5)