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Skandia predicts 70% fall in buy-to-let market

The amount of privately-owned rented accommodation in the UK could shrink by almost 70% over the next few years, as more investors flee the buy-to-let market and release up to £18bn, a report from savings group Skandia predicted yesterday.

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MARK SMITH, Deputy Business Editor

The amount of privately-owned rented accommodation in the UK could shrink by almost 70% over the next few years, as more investors flee the buy-to-let market and release up to £18bn, a report from savings group Skandia predicted yesterday.