UK Landlords Face Mounting Challenges Amid Tax and Regulatory Changes
Landlords are exiting the market as rising costs, new regulations, and potential tax increases threaten profitability and supply.
- Landlords in Britain are selling properties due to high mortgage rates, increased maintenance costs, and restrictive legislation.
- Labour's proposed Renters’ Rights Bill aims to abolish no-fault evictions and limit rent hikes, prompting concerns about reduced landlord rights.
- Potential capital gains tax increases could lead to a significant reduction in rental properties, with predictions of nearly a million fewer landlord-owned homes in the next decade.
- Rising rents are exacerbating the housing crisis, with an average of 21 tenants competing for each available rental property.
- Experts warn that continued pressure on landlords may worsen the rental supply shortage, driving up rents and limiting tenant options.