Landlords Facing Market Challenges Head-On

LRG, once the cheerleader for the Renters Rights Bill, has dropped a bombshell: nearly a quarter of landlords are thinking of packing up their portfolios.

But before you start imagining a mass exodus, let’s dive into the details.

The latest Lettings Report from LRG reveals that while 60% of landlords are holding onto their properties like a favourite pair of slippers, about 22% are eyeing the exit. The culprit? Rising costs, not a lack of eager tenants. But here’s the twist: of those planning to sell, a savvy 12% are looking to reinvest in snazzy, energy-efficient homes, proving that landlords are anything but stagnant.

Despite the hurdles, landlords are staying active and engaged, with regulatory changes and tax policies being the main influencers on their decisions. They’re not just sitting on their laurels; they’re strategising like chess grandmasters. Tax reform tops their wish list for growth, closely followed by regulatory clarity and speedier court processes.

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Allison Thompson, the National Lettings Managing Director at LRG, assures us that landlords aren’t fleeing. Instead, they’re navigating the choppy waters with a steady hand and a keen eye on the horizon. It’s a story of careful transition and strategic planning, as landlords aim to provide quality homes while ensuring their investments remain sound.

So, while the market may be a bit of a rollercoaster, landlords are buckling up and enjoying the ride, ready to adapt and thrive in a sector that’s anything but boring!

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Want to hear more? Join Mal & Matt on the Property AI Report Podcast each week!

Access from your preferred podcast provider by clicking here

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