Landlord shift expected this autumn, warns lettings agent
Summary
A regional lettings agent expects the rental market to tighten further this autumn as landlords respond to the Renters Rights Act. The article says reduced rental stock, steady tenant demand and notice periods for exiting landlords could intensify upward pressure on rents.
Why it matters
Surveyors involved in residential valuation, investment advice or landlord/tenant work should note the potential for changing rental supply and rent levels. The article also highlights how legislative change can affect market behaviour and asset pricing in the private rented sector.
Key points
- Available rental stock is reported to be falling as landlords adjust to the new legislative environment.
- Tenant demand is said to remain firm, supporting upward pressure on rents.
- Landlords exiting the market may need to serve four months' notice, delaying stock movement.
- A further wave of rental properties could reach the market from September onwards.
- The article suggests the changes may create opportunities for investors despite tenant pressure.
Organisations:
Nicol & Co, Landlord Today
Regulations:
Renters Rights Act
Locations:
Worcestershire
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