Professional landlords plan to expand despite Renters’ Rights Act fears
Summary
New research from LRG suggests that larger corporate landlords remain confident following the introduction of the Renters’ Rights Act, with most of its client base still planning to expand. The findings indicate lower arrears, slightly higher rent growth and no clear evidence yet of the tenant turnover concerns that some had predicted.
Why it matters
The article signals how professional landlords are responding to recent rental reform, which can affect portfolio strategy, transaction activity and demand for larger residential assets. Surveyors involved in valuation, investment, agency or portfolio sales should note the reported shift toward larger-scale acquisitions and higher yield expectations.
Key points
- 82% of LRG Corporate Lettings clients are reportedly planning to scale up.
- Arrears over 30 days fell from 3.3% to 2.7% in the six months after the Act.
- Annual rent rises increased slightly from 5.7% to 6%.
- LRG says it has not seen the expected rise in tenant turnover under periodic tenancies.
- Some investors are targeting larger opportunities such as freehold blocks and conversion prospects.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
