One in five landlords plan to offload their buy-to-let portfolio in the next five years, according to new research by Sequre Property Investment.
The buy-to-let specialist surveyed almost 800 buy-to-let landlords and found that 17% plan to sell-up.
The study also revealed that 10% of landlords have already sold part of their portfolio in the last five years due to tax and legislative changes in the sector.
However, the vast majority of landlords remain undeterred by government changes around stamp duty, tax relief and a potential change to capital gains tax, and plan to hold o to their existing properties, with some even looking to add to their portfolio.
Sales director at Sequre Property Investment, Daniel Jackson, commented: “Investing in property remains one of the safest options you can make in this day and age and so it comes as little surprise that the majority of landlords remain confident with their investment and have no plans to exit the buy-to-let sector.
“It’s also interesting to see that the government has failed to intimidate the nation’s landlords, despite a consistent campaign to reduce profit margins and force them out of the sector. In fact, more landlords have decided to leave having grown tired of dealing with tenants than they have because of various government tax changes.
“So it looks as though the government will have to actually build some more homes if they wish to address the current housing crisis, rather than rely on hard-working landlords to boost the nation’s property stock levels.”
Survey of 797 UK landlords carried out by Sequre Property Investment via consumer research platform Find Out Now (21st July 2021).
|Have you sold part or all of your buy-to-let portfolio in the last five years?|
|Do you intend to sell part or all of your buy-to-let portfolio in the next five years?|
|What has been the driving factor behind this? (Tick all that apply)|
|Tired of dealing with tenant issues||24%|
|Changes to landlord tax relief||19%|
|Increase in stamp duty tax for B2L purchases||12%|
|Investing in a different asset||11%|
|A potential increase in capital gains tax||11%|