London landlords leave the market in increasing numbers

finance
Created 8/23/2024
Updated 8/23/2024

London is seeing a significant increase in buy-to-let properties coming up for sale, reducing the availability of rental homes. The proportion of these properties listed for sale has reached a 10-year high, driven by factors like lower rental yields, higher mortgage costs, and upcoming regulations, such as stricter emissions standards. The Labour government’s planned rental reforms, including stronger tenant protections and the end of no-fault evictions, are also influencing landlords to exit the market. This trend is contributing to fewer rental properties and continued pressure on rents.

Original Article


FNippet is a product of Green Verse Ltd - Registered in England, Company No. 15710200. Registered address: 5 Brayford Square, London, England, E1 0SG.

Copyright 2024 Fnippet™

Icons from Icônes

Theme from BlogiNote

Contact Us