Real Estate
UK Landlords Are Selling Up at a Record Pace, Rightmove Says
- Property website cites budget worries, energy compliance costs
- Shrinking supply is driving up rental costs for tenants
This article is for subscribers only.
UK buy-to-let landlords are selling up in record numbers due to worries about stricter green rules and the prospect of higher taxes in the upcoming budget, piling further pressure on tenants.
Around a fifth of homes currently for sale were previously available to rent, the highest proportion on record and a jump from around 14% over the past five years, according to September data from property website Rightmove. The supply of rental property remains below 2019 levels despite surging demand.