The number of tenanted properties being listed on the sales market has fallen by nearly -20% since the end of June, suggesting that the Renters’ Rights Bill has not yet resulted in a landlord exodus.
in September 2024, 10,041 properties with tenants still in situ were listed on Great Britain’s housing market, -19.2% fewer than the 12,423 properties listed in June 2024, analysis from Lomond has found.
Ed Phillips, chief executive of Lomond, said: “Much has been made about the exodus of landlords from the Buy-to-Let sector and with Labour quick out of the gates to propose yet more pro-tenant legislative changes, there had been worries that more landlords would have made a swift exit
“But, since the relaunch of the Renters’ Rights Bill under our new Labour government in late May, we’re yet to see any evidence of this and, in fact, the number of homes listed across the market for sale with a tenant in situ has actually fallen.
“However, the real test will be the impending Autumn Budget at the end of this month, as we could yet see more changes that impact the financial returns of Buy-to-Let investors, with Capital Gains Tax looking the most likely shake up on the cards.”
In the West Midlands there are currently 600 properties with tenants in situ listed on the market, a significant reduction of -54.7% compared to June’s number of 1,324 properties.
In the East of England the number is down -50.8% since June; and in the North East it’s down-19.8%.
