Private rented property falls by 22% in last five years
Posted: 8/11/2024
The number of rental properties across the UK has fallen by a massive 22% in the last five years*. This dwindling supply has, along with other factors, been responsible for soaring rent prices over that period.
Over-regulation, unfair tax changes and of course the significant interest rate rises have forced landlords to exit the private rental market reducing supply.
Ironically, the high rental returns have started to attract investors to purchase buy-to-let properties again, but there is currently no data to suggest that the overall reduction in rental stock will be halted or reversed.
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