Landlords are buying more PRS homes than they sell

Dear Author, I became a landlord because I had a very poor pension and inherited well from my parents. I set up as a small, but good residential landlord, following all the rules. All I want to have is a secure, independant old age, have a purpose and stay active and perhaps leave something of value to my children. But this is what I wrote to my solicitor a few moments ago:

‘It breaks my heart to say the odds are I will be selling them all off. I have tried so hard to build an independent living for my old age and give myself
a real purpose to stay active, I am a good landlord. I don’t understand why we are being treated like this.’

With tears in my eyes, I just can’t believe why this is happening in my country.

Stand by for those figures to be reversed as landlords begin rushing for the exit.

what a load of tosh.
2000 landlords surveyed. 13% sold = 260 landlords in total, and the article suggests 2 properties on average so that’s 520 houses.
19% purchased = 380 landlords – 2 houses each thats 760.
‘gain’ of 240.
Unless these 240 properties (6 bed HMO’s or single flats?) are bought by BTL mortgages, how can you prove that these properties are purchased by landlords for genuine let to the general public?
Cash buyers?
Second home purchases?
purchased for holiday rentals not long term let?
purchase to then be offered to specific providers?
commercial lets?
purchased to be left empty?
purchased for another family member to use?
No concrete evidence to show anything additional is being released into the open market from these stats at all.

Bull****. Who is this woman lying here?
Everyone is selling against their dreams to have landlords to be money cows for endlessly milked by governments and local councils….

If more landlords are entering the PRS than leaving, it can only be because leaving is so difficult.

I’ve loved being a landlord. My plan was to leave the properties to my children. My plan now includes selling up and spending my money abroad.

I actually remember this survey and recall that the questions were trying to lead to a certain conclusion.
For example – Have you bought any property in the last 12 months Yes or No- Answer yes but only commercial , industrial or holiday accommodation.
Have you sold any property in the last 12 months? Answer yes or no- Yes but only residential as the market is quite toxic so I’m sticking with the tenants who earn £50,000 or more and certainly no one on Universal credit.
So the details really matter in this type of headline and its disingenuous to try and paint a very different picture than the one that exists.

https://bmmagazine.co.uk/in-business/160000-rental-properties-lost-as-landlords-exit-market-amid-rising-costs-and-regulatory-uncertainty/

In 2023, 140,000 landlords sold their properties, while 100,000 entered the sector

In order to produce any worthwhile statistics from a survey, a good sample size needs to be about 10% of the “population”. In this particular case “population” = “landlords”.

In 2022, according to Prop118 and HMRC, the number of unincorporated landlords increased to 2.82 million. 10% of 2.82 million is 282,000.

Therefore, I would suggest that a sample size of a mere 2,000 landlords is hardly evidence of anything and consequently the stats produced are quite meaningless.

TDS charitable foundation…. a group to promote raising standard in the prs between landlords and tenants !!
Really !!
Income last year 440k, 8 employees.
Waste of space report, I have sold two properties this year, more to go.
What is it with these “charity” organisations?
Are they are just another front for something else?
Classified with Shelter and Polly Bleat and Benny from Generation Rant as far as I am concerned and not that far off with the NRLA now.

Very bad article. For a minute I thought I was in another manipulative mass media webpages which don’t report but just causes sensationalism. I used to have a better regard for this site