Industry body comments on latest English Private Landlord Survey Report

Propertymark, the leading professional body for property agents, responds to the latest English Private Landlord Survey Report. 

Maxine Fothergill, ARLA Propertymark

Maxine Fothergill, ARLA Propertymark President, comments:

“As highlighted in the report, a large proportion of private landlords are retired, and the majority take home a gross profit of £20,000 or less a year and rely on rent as an income.

“Consequently, as landlords are persistently hit with legislative and tax changes, financial obligations are growing and incentives are non-existent, pushing many to withdraw their homes from the sector.

“Landlords have reported within the survey that for those who are going to leave the sector, recent and forthcoming legislative changes were the driving key factor to doing so.

“Urgent action is needed from the UK Government to maintain existing investment as any further reduction in supply could have a detrimental ramification for the housing sector and a rise in those facing homelessness will be inescapable.”

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