Tenant issues sits top of reasons why landlords look to sell in the next five years
Em Morley - July 29, 2021
Despite government changes to Stamp Duty, tax relief, and a potential change to capital gains tax, UK landlords remain undeterred where their investment intentions are concerned, says Sequre Property Investment.
Research from the buy-to-let property investment specialist has found that just 10% of landlords have sold part of their portfolio in the last five years. Just 19% stated they were thinking of selling up in the next five years.
The research also found that the majority of landlords thinking of selling up are doing so because they have become tired of dealing with tenant issues. A close second reason was retirement.
Daniel Jackson, Sales Director at Sequre Property Investment, comments: “Investing in property remains one of the safest options you can make in this day and age and so it comes as little surprise that the majority of landlords remain confident with their investment and have no plans to exit the buy-to-let sector.
“It’s also interesting to see that the Government has failed to intimidate the nation’s landlords, despite a consistent campaign to reduce profit margins and force them out of the sector. In fact, more landlords have decided to leave having grown tired of dealing with tenants than they have because of various government tax changes.
“So, it looks as though the Government will have to actually build some more homes if they wish to address the current housing crisis, rather than rely on hard-working landlords to boost the nation’s property stock levels.”
Landlord survey results
Have you sold part or all of your buy-to-let portfolio in the last five years?
Do you intend to sell part or all of your buy-to-let portfolio in the next five years?
What has been the driving factor behind this? (Tick all that apply)