Are landlords really abandoning ship due to taxes and red tape?
Not so fast, says Allison Thompson, the national lettings managing director of the Leaders Romans Group. She’s here to debunk the myth and shed some light on what’s really happening in the rental market.
Thompson argues that while some landlords are indeed stepping away, it’s not necessarily due to bureaucratic hurdles. Instead, many are simply reaching the end of their investment journey, cashing in on their equity gains as they hit retirement. Interestingly, these properties often get snapped up by other landlords eager to expand their portfolios, keeping the rental market afloat.
Citing Rightmove data, Thompson points out that 18% of properties for sale were once rentals, a notable increase from 8% in 2010. But fear not, she says, as the private rental sector remains stable.
Want to learn more about AI's impact on the world in general and property in particular? Join us on our next Webinar! Click here to register
Thompson also champions rental reforms, suggesting that good landlords have little to fear. With demand for rental homes soaring and social housing lagging, a more regulated sector with higher standards benefits everyone. Plus, with rents rising faster than inflation, buy-to-let investments remain attractive.
For those considering entering the market, Thompson advises thorough research and professional management to ensure success. She emphasises that while markets fluctuate, investing for the long haul—15 years or more—can yield impressive returns.
So, there you have it! Despite the buzz, landlords aren’t fleeing en masse. Instead, the savvy ones are sticking around, adapting to changes, and continuing to thrive in the ever-evolving property landscape.
Want to learn more about AI's impact on the world in general and property in particular? Join us on our next Webinar! Click here to register
Made with TRUST_AI - see the Charter: https://www.modelprop.co.uk/trust-ai
Comments