PropTech study paints bleak picture of landlord sentiment

As landlords face losses as high as £7,500 this year – thanks to increased mortgage and living costs alongside a tax overhaul – new data from a PropTech firm quantifies just how many investors are unhappy. 

iPlace Global’s survey of landlords shows that around 26 per cent are at least considering selling up.

The firm nicknames this month ‘Awful April’ as energy, broadband, mobile, water and council tax bills all increase around now, just as the Capital Gains Tax allowance reduces.

Simon Bath, chief executive of iPlace Global, explains: "Our data highlights that almost a third of landlords are considering selling their buy-to-lets due to the financial pressures around the increased cost of two-year mortgage rates, new EPC measures and soaring broadband, mobile, water and council tax bills that are set to go up even more in April. 

"This is having a material impact on renters across the country, with the average rent price in terms of the percentage of earnings now close to a ten-year high in all regions except London. 

“Because of this, we could see a four to five per cent slowdown in the pace of rental growth over the latter half of the year. I expect that we may also see a rapid slowdown in rents in inner London and some inner-city areas later on this year as the housing market continues to recover from the repercussions of the current economic landscape.”

Regional breakdown of the number of landlords planning to sell: 

- Scotland – 11%

- North East – 35%

- North West – 33%

- Yorkshire – 26%

- West Midlands – 23%

- East Midlands – 23%

- Wales – 34%

- Eastern – 4%

- London – 30%

- South East – 33%

- South West – 30%

- Northern Ireland – 20%

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