Mega-landlords sit on the sidelines as their share of home sales slump to seven-year low

The housing market is seeing a significant shift as mega-landlords, who usually dominate the market, are holding back from buying new properties. Their share of home sales has dropped to a seven-year low, indicating a re-evaluation of investment strategies due to expectations of slower house price growth. This change could mean a more balanced market, as landlords now consider selling instead of always acquiring more properties. Economists suggest this could stabilize prices and give first-time buyers a better chance at entering the market.