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Nearly half of BTL landlords looking to sell: Octopus

Octopus Choice has issued research that shows that taken as a whole, Britain’s landlords are largely in two minds about whether to continue investing property or not.

The data reveals that 56 per cent of buy-to-let investors want to keep or buy more properties, while 44 per cent intend to exit the market.

Of those who want to sell their rental properties, 24 per cent blame failing yields, 23 per cent tax changes, and 19 per cent point to “cooling house prices.” Additionally, 60 per cent are fed up with property management and 61 per cent admit that they underestimated costs.

Breaking things down by age, the research shows that 65 per cent of millennial landlords are more likely to sell their properties as compared to 29 per cent of the over-55s.

Confidence in property still appears to be relatively high, however: within the group who wish to sell, 27 per cent plan to use the funds to invest back into their main property, whereas 37 per cent will look at another asset class, and 30 per cent will be happy with cash.

Octopus Choice head Sam Handfield-Jones says: “Brits still have an incessant love affair with bricks and mortar – but the hassle and cost of buy-to-let is a source of growing frustration, and some landlords may find that their once reliable day-to-day income is becoming harder and harder to come by.

“Against [the regulatory] backdrop, it’s not surprising that some investors are seeking alternative ways to indirectly invest in the property market.”

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  • Carl McGovern 4th September 2018 at 1:29 pm

    That’s no great surprise and I have to say, with the demands lenders are now placing on Portfolio landlord application’s, it appears to be the straw that has broke the camels back.