“As the House of Lords gears up to debate the Renters (Reform) Bill today, they are being warned that landlords selling their properties is the biggest challenge facing renters in the UK.“

Government figures indicate that a staggering 45% of households that needed Council support to prevent homelessness did so because their Landlord was exiting the market. This is the number 1 biggest cause. With a decreasing pool of Landlords and available rental properties, rents continue to rise.

Rents were getting out of control by 2022 due to decreasing availability of rental properties / Landlords exiting

But figures show that rental unaffordability should hopefully peak this year if more rental stock becomes available.

Will the Government do more to encourage more new Landlords to enter the sector and increase the supply of rental properties (thereby naturally reducing rents and improving the choice available to tenants)?

This article based on Property118’s article here and Hometrack/Zoopla data.