The rate at which landlords are exiting the UK private rented sector has declined, though one in four property owners are still considering or actively selling their portfolios, according to new data from lettings technology firm Goodlord.
A survey of more than 1,200 landlords found that 72% are not currently selling any properties, marking a shift from September 2025 when 35% reported having sold or actively attempted to sell some or all of their portfolio over the previous 12 months.
Market outlook remains uncertain
Despite the slower exit rate, 35% of landlords surveyed stated they do not expect to remain in the sector within five years, highlighting ongoing concerns about the viability of buy-to-let investment. The findings come as the private rental market faces pressure from regulatory changes, with the Renters’ Rights Act due to be implemented on 1 May 2026.
Emily Popple, Director of Landlord Experience at Goodlord, said the data provides “initial indications that the pace of the so-called ‘landlord exodus’ has started to ease, with the majority of landlords appearing to be in a holding pattern.”
She added: “Many will be waiting to see what the real world implications of the Renters’ Rights Act are, once it comes into force on May 1.”
Investment implications
The survey revealed only a small proportion of landlords are expanding their portfolios, suggesting limited new investment in the sector. This trend could have significant implications for rental supply, particularly as property market challenges continue across multiple segments.
Popple noted that while fewer landlords leaving represents positive news, “the wider signals are still concerning” with too many property owners unable to see a long-term future in the private rented sector.
The data suggests landlords are adopting a wait-and-see approach to assess how new rental legislation will affect returns and operational requirements before making final decisions on their property investments.
