Barratt Developments sells 604-home portfolio to Lloyds Bank subsidiary Citra for £168m in private rental deal

4 comments

1. Where’s that thread where everybody told me that this wouldn’t happen? That a financial institution wouldn’t run a rental portfolio.

   All the people who are cheering on a housing market crash because they think they’ll get a 5 bed detached for £50k need to look at this, because they’ll do this to reposessions as well.

2. This is happening in Ireland all too often – private equity funds buying up swathes of new build properties to turn whole estates into high priced rentals. Only a matter of time before it came to the UK….

3. How is this legal? Surely these homes should be offered to first time buyers first, and then other buyers, not investment bodies.

4. In the future all homes will be owned by corporations and banks- farming us for at least half our wages.