RE: teccc25 Aug 2022 00:14
Britain will lose almost 50,000 rental properties this year as a result of the Government's war on landlords.
New analysis by Hamptons estate agents reveals that far more landlords are selling than buying as rental supply plummets.
On average, the market is set to lose roughly 3,800 landlord properties every month in 2022, more than double the number from two years before.
The Government has introduced a string of rule changes that have eroded landlords’ profits and rights.
Hamptons expects a total of 1.25?million housing transactions this year, based on HMRC data for the year so far. Of these, it estimated that 16pc, or 204,440, will be sales of buy-to-let properties. It expects purchases by landlords to account for 13pc of transactions, or 157,954.
This means that the market will lose 46,486 rental properties a year, or an average of 3,874 a month, although the actual loss could be smaller because of landlords’ purchases of new-build properties and new “build-to-rent” units.