Buy-to-let exodus already hitting PRS, warns big estate agency

According to ASAP Supplier Member Savills ‘ study looking at the current state of the PRS, buy-to-let properties are being sold five times faster than investor purchases, leading to a major exodus of rental homes at a time when demand is very high and rents are still rising.

It confirms warnings that government policy is deterring landlords from making new investments with the Renters’ Rights Bill , currently passing through Parliament, a major blow.

The latest amendment which removes a requirement for tenants to have pet insurance doesn’t help.

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Read the full Savills report here