Landlords reveal key reasons for selling-up

Changing regulations and taxes have been named as the top reasons for landlords selling their properties.

The Deposit Protection Service (The DPS) asked more than 1,200 landlords about their views on the private rental sector.

Overall, 47% of respondents said they were considering selling some or all of their portfolio, down two percentage points from May.

However, according to the report, the proportion of respondents who said that their decision to sell was directly influenced by changes or proposed changes to legislation or regulation was 89%, up four percentage points.

The main regulatory issues raised were reforms to Section 21 evictions, the Renters’ Rights Bill and capital gains tax.

Since May the proportion of landlords looking to sell rental property, who said that their decision took place in the context of less potential return after tax, increased by four percentage points from 72% to 76%. Estate Agent Today