PRS crisis deepens as landlords sell – NRLA

I filled in the NRLA survey for what it was worth but Labour will not listen as they are dogmatic. They will bulldoze RRB through. Councils are taking full advantage of setting up money making selective licencing schemes nearly borough-wide. PRS sector is set up for crash and unfortunately our customers (tenants) don’t know what is coming but will feel it in their pockets as PRS supply drops off (maybe not a cliff but certainly a steady stream in the next two years)

Reply to the comment left by Crouchender at 20/02/2025 – 08:24
It probably won’t be off a cliff. The landlords I speak to are off-loading properties as each becomes vacant, rather than selling their portfolio in one go.

So it will be a steady attrition rather than a cliff edge. Same result.

When I advertised a flat to let a couple of weeks ago I had over 140 enquiries, that says it all! I’ve never seen so many homeless as now and see scrapping S21 as the main reason yet the government and tenants see LLs as the bad guys and simply won’t won’t’ listen. So, are the government helping tenants errr!

This is an entirely predictable consequence of the war on landlords (or, to be more accurate, tenants). The Labour and Conservative Parties used the PRS as a cash cow to fund their incompetence.

And its tenants that suffer.

Landlords are quite happy to take their money and run, even after being hit for CGT (a tax on inflation).

There is a growing number of people that need to rent. These include…

* the least financially astute in Society,
* those that live on benefits,
* people that work in jobs that force them to move regularly,
* newcomers to the U.K.,
* those on minimum wage in affluent areas

Then there are those that choose to rent.

As the PRS shrinks, at a time when BTR/Social Housing cannot meet the shortfall, those that would otherwise choose to rent, are forced to buy their own homes (often a millstone around one’s neck).

The country needs Reform. Yet, I fear it’s too late. Maybe we need Trump.

Un-common common sense would have worked out that as landlords sell their rental properties, and Local Authorities have put asylum seekers to the top of their lists, there would be a critical housing shortage impacting renters across England and Wales and an ever widening gap between supply and demand.

Didn’t need a paid for study by the National Residential Landlords Association (NRLA) work this one out. A waste of members money????

Reply to the comment left by Judith Wordsworth at 20/02/2025 – 11:53
What we really want is section 24 reversed so leveraged LLs get some slack to invest whether its to upgrade to EPC C or buy more property to rent to supply the market at all levels.

We could also do with reducing red tape not increasing (RRB) it for decent LLs. Rogue LLs you will never get just like rogue tenants can never be reduced.

Reply to the comment left by Cider Drinker at 20/02/2025 – 11:15
Common Sense, from Trump!

That deluded populist con artist just tells the poorly educated what he thinks they want to hear. Now that he’s elected, he’s following the Project 2025 plan for fascist dictatorship and cutting the Medicaid system by $880 Bn so he can pay for tax cuts for his billionaire sponsors.

There’s no sense there and the 1% are the only beneficiaries.

The only value is in the lesson learnt about misinformation that drives his progress, as the similarities to PRS activism are just as deluded.

As the Americans say F About, and Find Out #FAFO