Fears of a mass landlord exodus ahead of the Renters\u2019 Rights Bill becoming law have yet to materialise, analysis from London lettings and estate agent Benham and Reeves has revealed.<\/p>\n
The number of available rental properties across England has risen by 23.5% since the Bill\u2019s introduction in September last year.<\/p>\n
The Renters\u2019 Rights Bill is now in the final stages before Royal Assent and will deliver sweeping reforms to the private rented sector, including the abolition of Section 21 evictions, the move to periodic tenancies, and the introduction of a Decent Homes Standard.<\/p>\n
Marc von Grundherr, director of Benham and Reeves, said: \u201cWhile the Renters\u2019 Rights Bill has created understandable uncertainty among landlords, particularly around the removal of Section 21, the notion of an imminent collapse in rental stock levels has simply not materialised and it\u2019s clear that, so far, there has been no landlord exodus.<\/p>\n
\u201cIn fact, supply has increased in almost all areas of the country since the Bill was introduced, which is welcome news for tenants who have faced unprecedented competition for homes in recent years.<\/p>\n<\/p>\n
\u201cAs a landlord and letting agent myself, I\u2019ve recently invested into the buy-to-let sector as we\u2019ve continued to see strong yields on offer and discounted deals due to a slightly slower property market with respect to house prices. With interest rates also trending downwards and mortgage payments becoming more palatable, now is a great time for long-term wealth building.<\/p>\n
\u201cThat said, this does not mean we can be complacent. The true test will come in the months after implementation, once landlords have had time to fully digest the legislation and decide whether they wish to remain in the market.<\/p>\n
\u201cFor now, it\u2019s clear that the feared landlord exodus has not happened, and the private rental sector remains robust.\u201d<\/p>\n
Since September 2024 rental supply particularly increased across Bristol (up 79.1%), West Yorkshire (up 72.9%) and Tyne and Wear (up 60%), East Sussex (up 50.5%) and Northumberland (up 41.4%).<\/p>\n
In London, the market has also proven resilient, with stock levels climbing by 11% over the same period, whilst just Herefordshire (down 22.5%), Gloucestershire (down 16.4%) and the Isle of Wight (down 11.1%) have seen reductions in available rental stock levels.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fears of a mass landlord exodus ahead of the Renters\u2019 Rights Bill becoming law have yet to materialise, analysis from London lettings and estate agent Benham and Reeves has revealed. The number of available rental properties across England has risen by 23.5% since the Bill\u2019s introduction in September last year. The Renters\u2019 Rights Bill is […]<\/p>\n","protected":false},"author":1,"featured_media":2582,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n