1.3 million UK renters face risk as 31% of landlords plan to sell properties due to reduced profitability.

1.3 million UK renters face risk as 31% of landlords plan to sell properties, warns Generation Rent. High interest rates and changes to taxes reduce profitability for landlords, causing a decrease in available rental properties. Labour's Shadow Chancellor, Rachel Reeves, suggests that rent caps could be left to local councils' discretion, but warns that this policy may lead to more landlords selling properties.

May 18, 2024
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