A big landlord exodus will happen - here's why
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
Rob discusses the impending landlord exodus expected to impact the UK housing market from 2025 onwards. Citing the latest English Private Landlord Survey, he highlights a significant increase in landlords considering selling their properties, rising from 22% in 2021 to 31% in 2024. The discussion delves into the various factors contributing to this trend, including recent legislative changes, rising mortgage costs, and the challenges posed by the Renters Reform Bill.
KEY TAKEAWAYS
- A significant increase in landlords considering selling their properties is anticipated, with the percentage rising from 22% in 2021 to 31% in 2024. This trend could lead to a decrease in rental housing supply.
- The potential exodus of landlords may result in higher rental prices due to decreased supply, despite the government's intentions to protect renters through new legislation.
- Recent legislation, including the Energy Performance Certificate (EPC) regulations and the Renters Reform Bill, has contributed to landlords' decisions to sell, as many feel the environment has become increasingly unfavourable.
- Rising mortgage costs and inflation are putting additional pressure on landlords, making it more challenging to maintain profitability in the rental market.
BEST MOMENTS
"There will be a devastating landlord exodus that will hit Britain from 2025 onwards, and it's a culmination of a lot of factors."
"If the supply of available housing for rent decreases... then what happens is an increase in prices."
"Just under two-thirds have blamed the recent legislation changes for the decision."
"Landlords have been operating in an increasingly unfriendly environment."
"If all these properties were sold... that leaves a smaller pool of rental properties that are available."
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