Thousands of landlords consider leaving rental market after Budget

9 Nov 2026 • 11:04 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Thousands of landlords consider leaving rental market after Budget

  • A survey by Propertymark revealed that 57 per cent of estate agents reported inquiries from landlords considering leaving the private rented sector following new tax hikes.
  • Property experts warn that a landlord exodus could exacerbate housing shortages and drive up average UK rents by 15 per cent, or over £2,500 annually, by 2031.
  • Shadow housing secretary Katie Lam accused the Labour government of economic incompetence, claiming their tax policies leave tenants facing reduced choices and higher costs.
  • More than 800,000 rental properties have been sold off by buy-to-let investors since 2020, with the vast majority being purchased by owner-occupiers.
  • The Ministry of Housing, Communities and Local Government said there is no evidence of mass landlord exits, pointing to protection measures under the Renters’ Rights Act.

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