RLA survey indicates 25.5% of landlords are looking to sell propertyMake Text Bigger
The RLA have released their survey of 2500 landlords in their ‘State of the Private Rented Sector’ report quarter 4 2018. Click here to download the full report.
The survey questioned landlords on their portfolio plans over the next twelve months and although 15.2% of respondents said they were looking to purchase more property 25.5% said they were intending to sell one or more of their rental homes. This is despite 23% of landlords finding greater demand from tenants.
70% of landlords did not expand or contract their portfolios over the last year with only 60% looking to hold their hand in the coming 12 months.
David Smith, Policy Director for the Residential Landlords Association said: “All the talk of longer tenancies will mean nothing if the homes to rent on not there in the first place.
“The Government’s tax increases on the sector are already making it difficult for tenants to find a place to live, with many landlords not renewing tenancies. If rushed and not thought through, planned changes to the way landlords can repossess properties risk making the situation even worse.
“Action is needed to stimulate supply with pro-growth taxation and a process for repossessing homes that is fair to all.”
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.