UK Landlords Exit Market as Anticipated Tax Hikes Loom
Record numbers of rental properties are being sold, exacerbating the housing crisis and driving up rents.
- Nearly one-third of London's rental properties are now for sale, with similar trends across the UK.
- New tax policies, including potential increases in Capital Gains Tax, are driving landlords to sell.
- The supply of new rental properties is dwindling, while demand continues to rise.
- Rents have increased by 9% over the last year, outpacing inflation and income growth.
- Experts warn that without incentives for landlords, the rental market will further deteriorate.