1 month ago | 13 comments
Hi, rents in Dalston in London have gone through the roof, according to my agent. The market is flooded, flat prices have lost a third of their peak value whilst landlords try to sell.
Those not selling have turned to Airbnb; as predicted, the few flats available to rent have jumped in price. I accepted a low price to sell my one-bed flat because I am DONE with the Renters’ Rights Act.
Just before exchange of contracts, I have been asked for a price reduction. Meanwhile, my agent says this flat, which I let six months ago at £1,800 pcm, he can get £ 2,200 pcm, no problem.
Do people agree that everything that was predicted on this forum is coming to pass?
Thanks,
Helen
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1 month ago | 13 comments
3 weeks ago | 11 comments
Member Since May 2015 - Comments: 2294 - Articles: 2
10:27 AM, 31st July 2026, About 3 weeks ago
Yes.
Member Since October 2020 - Comments: 1317
10:46 PM, 31st July 2026, About 3 weeks ago
I would be surprised if what you describe isnt the national picture within 6 to 12 months. I sold my last property 2 weeks ago for full market value. This was extremely lucky and a bit unexpected, but not a moment too soon.
Member Since January 2015 - Comments: 1557 - Articles: 1
9:04 AM, 1st August 2026, About 3 weeks ago
Reply to the comment left by DPT at 31/07/2026 – 22:46
Welcome to the exodus
Member Since June 2019 - Comments: 931
5:10 PM, 2nd August 2026, About 3 weeks ago
MTD and the landlord database will accelerate this trend to be followed by EPC fights.
My prediction is eviction bans within 3 years (i.e. you can only sell tenanted) along with post code lottery rent freezes and or limits on increases. All of which will come about once the scale of the exodus finally gets through to the politicians – who will all jump up and down whilst shouting ‘Evil Landlords’.
Member Since May 2018 - Comments: 2420
3:22 PM, 6th August 2026, About 2 weeks ago
I agree that the prospect of the Labour Landlord Database, the Labour Renters Rights Act and the threat of the pressure from former Labour leaders like Neil Kinnock to equalise CGT with income tax is likely to cause landlords to try to exit the market whilst they can:
https://www.telegraph.co.uk/money/tax/news/lord-kinnock-tells-protege-burnham-to-raise-capital-gains-t/?msockid=0b8a4155c7db6ba1058955b1c6196a07
I also believe that the combined effect of the Labour Renters Rights Act and the Labour Landlord Database will create a vicious cycle of upward-spiralling rents. When a left-wing government goes on an anti-landlord, anti-capitalist crusade, sacrificing good governance in blind pursuit of ideology, it doesn’t necessarily make the world a better place.
On average after tax earnings from capital invested in residential property is almost exactly the same as an investment in premium bonds (3.9%). (Many landlords don’t earn this because small portfolio landlords who are not incorporated cannot offset their finance costs against rents).
However, when you invest in residential property you are investing in putting a safe roof over somebody’s head. But when you invest the same money in premium bonds at the moment you are lending money to a government in order to allow it to pay train drivers for a four-day week without agreeing any changes in working practices and for it to destroy small business with jobs-taxes.
So out of preference I would be looking somewhere else other than premium bonds to invest my money. For those who can stomach doing it the yield on some UK government bonds is above 5%. In comparison the yield on a Norwegian government bond is about 4.5% but Norway has one of the biggest sovereign wealth funds in the world and so you have to wonder whether in addition to the yield (which in the UK reflects the increasing cost of servicing government debt) whether the UK government bond would be likely to increase or decrease in value over the medium term.
Personally, I always liked the idea that my investment in housing kept a safe roof over somebody’s head and I’ve wondered for years why somebody wishes to victimise me for doing it by stopping me from offsetting my finance costs against rents.
Member Since May 2014 - Comments: 639
8:32 PM, 6th August 2026, About 2 weeks ago
Reply to the comment left by Paul Essex at 17:10
It would not surprise me if there is a ban on evictions within 3 years.
We could then have mainstream lenders taking flight and prices dropping off a cliff.
I have just sold one property to first time buyers and the agent said that I was lucky because only 40% of properties on the market are selling.
I am not optimistic with this left wing government steering the ship.
Member Since May 2018 - Comments: 2420
12:38 PM, 7th August 2026, About 2 weeks ago
Reply to the comment left by Stella at 06/08/2026 – 20:32
Historically, a large proportion of Labour MPs have come from public sector, trade union, legal, or charity backgrounds. Within the senior labour cabinet very few have any significant experience of business or starting a business.
When you start a business you often start as self-employed, although you might subsequently incorporate. When you start a business cash flow is tight and another of your biggest problems is the huge burden of admin that is dumped on top of you. Typically your admin is about a 1/3 of your workload even before the government dumps another extra pile on you.
At the moment the government is busy persecuting small landlords and the self-employed with Making Tax Digital.
How much time is the labour government spending at the moment on talking about how it is going to grow the UK economy? And more importantly….what are the chances that they would actually have any idea at all about how to do that?