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14/7/25 8:13 pm
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A third of all landlords (35%) have sold up or actively tried to sell in the last 12 months, with 14% selling five or more homes from their portfolio.
Goodlord’s annual State of the Lettings Industry report reveals that the landlord exodus isn’t over and that with the Renters’ Rights Bill weeks away from becoming law, four out of five landlords who are actively reducing their portfolios cite the legislation as a key reason for doing so. The abolition of Section 21 is causing most concern, with 80% of landlords saying it will have a negative impact on the PRS.
The number of landlords heading for the exit is putting huge pressure on tenants, says Goodlord, as 48% found it difficult to secure a property over the last 12 months.
With new rules around rental rises set to be introduced, the ban on over-bidding for properties risks a rise in ‘gazundering’ - where landlords increase asking rents to leave space for downwards negotiation. A fifth (20%) plan to advertise higher prices to hedge for tenant gazundering, which Goodlord warns could skew market metrics, leading to a rapid rise in rent escalations as landlords and agents seek to keep rents in line with local averages.
Going forward, tenants will have the right to appeal any rent increases, and 22% said they would always appeal an increase. This suggests that tribunals could see cases spike, causing long delays in judgments and potentially leaving uninsured landlords out of pocket.
CEO William Reeve believes landlords are deeply disillusioned, but that tenants could face even bigger problems due to the Bill. “From blocking tenants from paying in advance, incentivising landlords to overprice properties, and driving more to sell-up, a Bill designed to protect tenants could inadvertently be about to pull the rug out from under them. Renters’ Rights could very quickly become renters wronged.”
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