Julie Steinberg
speaker
26 appearances
1 recordings
1 series
first heard Jul 2026
last heard 28 Jul
Julie Steinberg’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Sure.
According to one measure, 12% of London properties that were originally intended to be sold privately to homebuyers were sold in these bulk deals in the year to June 30th.
And that's up from 7% in the 12 months before.
These institutional investors are getting pretty good discounts on the homes, anywhere from 15 to 20 percent, sometimes more than that, up from single digit discounts just a few years ago.
And that's because of the precarious nature of the home buying market right now in the UK.
It's been a pretty gloomy atmosphere for house builders in the past several months.
You have this uncertain economic backdrop that was sparked by the Iran war, as well as higher mortgage rates that have eroded buyer confidence.
House builders also say that building costs have gone up and complying with regulations has also proved expensive in the past few years.
And that puts pressure on their project's viability.
So they're finding it difficult to offload these properties because people simply don't want to buy them right now.
A couple different ways.
You can either have bulk sales that involve an investor forward funding a deal for future construction, or we're seeing institutional investors pick up properties that have already been built.
and weren't able to be sold by the home builders.
The deals can involve dozens or even hundreds of homes.
And market participants say these deals are mutually beneficial because the transactions give house builders a cash injection from offloading stock they wouldn't have been able to sell or haven't been able to sell privately, and the institutional buyers get cheaper access to homes that they're then going to rent out as part of their investment strategy.
As long as rates stay higher for longer, I think we'll continue to see hesitation on behalf of individual homebuyers, which leaves more room for institutional investors to come in.
That being said, these institutional investors currently dominate around 2.7% of the market of the private rented sector.
It's quite small.
So overwhelmingly, you still have homebuyers who are renting from smaller landlords.
But at this point, institutional investors are piling in.
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