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14/7/25 8:13 pm
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A worrying 39% of landlords would rather sell than invest in required EPC upgrades, according to the latest poll.
With a proposed 2028 deadline for new tenancies to meet the EPC Band C target – and 2030 for existing tenancies - 63% of landlords perceive the new energy efficiency rules negatively, with many unwilling or unable to meet the required investment.
Early insights from Goodlord’s annual State of the Lettings Industry report, which quizzed 2,750 letting agents, landlords and tenants, found that nearly half of landlords (45%) weren’t prepared to spend more than £2,000 per property, and only 19% would spend above £5,000 - far short of the proposed £15,000 cap.
Despite having just weeks to go before it receives Royal Assent, this year’s report reveals that the majority of letting agents don’t feel prepared for the Renters’ Rights Bill. On average, agents say a quarter (27%) of their revenue comes from renewals but with the legislation set to mark the end of fixed-term tenancies, many face a potential revenue crisis and will need to reassess revenue models to fill this major void. With more landlords considering leaving the market, 70% of agents said attracting new ones was a focus area.
CEO William Reeve believes the sector is under huge pressure on all fronts - tenants, landlords and agents alike are feeling the strain, with more changes and uncertainty still to come. “This is a resilient sector that’s used to weathering storms, but the pressure seems to be increasing rather than abating,” he adds. “We hope these insights and full report shine a light on these areas and help decision makers take the necessary steps to ensure the PRS remains healthy, thriving and supported.”
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