Landlords Rushing to Sell?
Posted on 2nd October 2024 at 13:37
As Budget Day looms, many landlords are feeling the pressure of potential tax hikes and new regulations, and in turn landlords are looking to sell – fast.
Property sales company Upstix, which offers quick sales at around 85% of market value, has seen a sharp rise in landlord inquiries. Since August 27, when Rachel Reeves announced the Budget date, interest from landlords increased by 41%. Following the announcement of the Renters’ Rights Bill, inquiries jumped by a third in just one week.
The National Residential Landlords Association (NRLA) echoes these findings, reporting that around a third of their members are considering selling at least one of their properties.
While it's understandable that landlords might want to sell quickly to avoid future financial pitfalls, there are serious risks to acting too fast.
May we remind you to review your long-term plans and ensure that any actions you take are in line with your long-term goals. If you need a hand with reviewing your portfolio and ensuring you are on track, we’re here to help you.
📞 01249 816810
Share this post: