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Add PropertyAgents say landlords are selling up – and there’s worse to come
A snap poll of over 400 landlords by PropTech firm Goodlord has found that a quarter of landlords say they will sell.
These findings indicate that the so-called landlord exodus may still be on the horizon as deep industry dissatisfaction about the upcoming Renters’ Rights Bill remains, the industry supplier says.
Over 500 letting agents were polled at the same time, with a huge majority – 67% – believing that landlords in their portfolios are currently considering selling. This highlights the intense concerns felt by agents that the landlord exodus is set to grow, despite the majority of landlords currently holding the line.
When asked whether they were currently actively considering selling some or all of their lettings portfolio, the vast majority – 74% – of landlords said no. However, a small but significant proportion – 26% – said they were.This represents a shift since autumn 2024, when a Goodlord report surveyed a separate group of 300 landlords. That analysis, carried out between July and September 2024, found that around a third of landlords (30%) said they had either already sold one of their rental properties or put one on the market in the past year, with a further 17% saying they were considering reducing their portfolio in the coming year.
The latest findings represent an increase in the number of landlords considering whether to sell – up from 17% to 26%.
Fears around a landlord exodus are being felt even more acutely by agents, whose sentiments paint a more pessimistic picture than landlords’. During the same snap poll, over 500 letting agents were asked if landlords in their portfolios were taking active steps to reduce their lettings stock or leave the market altogether.
Read the full article at Letting Agent Today
