Just over a quarter of buy-to-let landlords plan to sell at least one of their properties during the next year, according to the Residential Landlords Association (RLA). The news follows the release of government figures showing 10% of private landlords are looking to reduce their portfolio, with 5% planning to sell out altogether. A third of the landlords surveyed by the RLA said they had low confidence about the sector. “People have been priced out,” says David Jones, director general of the RAA.
Just over a quarter of buy-to-let landlords plan to sell at least one of their properties during the next year, according to the Residential Landlords Association (RLA). The news follows the release of government figures showing 10% of private landlords are looking to reduce their portfolio, with 5% planning to sell out altogether. A third of the landlords surveyed by the RLA said they had low confidence about the sector. The Royal Institution of Chartered Surveyors, meanwhile, said rents could increase because demand was outstripping supply and that new regulations governing repossessions should be fair and effective for both sides.