Cashflow £££

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Cashflow £££

What if your existing rental property portfolio could generate up to 50% more cashflow, without increasing rents or buying more property?

Many landlords have been telling us recently they “don’t know what to do for the best“.

The reasons most often cited are; increasing compliance, taxation, and thoughts about retirement, succession planning and inheritance tax. Others are simply seeking clarity on how and whether they should restructure, start selling properties, continue expanding or invest elsewhere.

If any of this resonates with you, we invite you to complete the short form below to arrange a free, 30-minute conversation with a Property118 consultant, shaped entirely around your portfolio, your objectives, and the decisions you’re already weighing.

FREE 30-MINUTE CHAT VIA ZOOM

A conversation worth having?

If you are weighing up your own strategy, whether that involves holding, restructuring, or reducing your portfolio, it is worth stepping back and reviewing how everything fits together.

These conversations are typically most useful for landlords with established portfolios and relatively modest borrowing who are beginning to think about how their assets will serve them over the next phase.

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Landlord sell-off before Renters’ Rights Act leaves rental market under pressure

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Property118

Landlord sell-off before Renters’ Rights Act leaves rental market under pressure

Ahead of the Renters’ Rights Act coming into effect, landlords sold up as rental demand continued to outstrip supply, according to a new survey.

Propertymark’s Housing Insight report found that concerns over the incoming regulation prompted many landlords to exit the market before the changes took effect.

The industry body warned that reduced supply is likely to keep conditions in the private rented sector challenging throughout the year.

Ongoing concerns from landlords

The report, which covered March before the legislation came into force, found demand continued to outstrip supply, with the average number of applicants per member branch standing at seven per available property.

Propertymark warned the regulatory changes could create longer-term supply pressures.

A Propertymark agent from the North East told the report: “The UK government changes have upset many landlords who are now selling, giving agents a huge amount of work that will directly negatively affect profit and will ultimately mean rents will increase as rental property supply reduces.”

Nathan Emerson, chief executive at Propertymark, said: “Within the lettings sector, demand continued to significantly outpace supply despite a modest uplift in available stock.

“Many agents were reporting ongoing concern from landlords surrounding future regulatory changes, which were influencing investment decisions and contributing to longer-term supply challenges.

“Ensuring a stable and sustainable private rented sector remains essential to supporting tenants and maintaining choice across the market.”

Renters face affordability pressures

Phil Spencer, founder of Move iQ, warned renters are likely to continue facing affordability pressures as tenant demand rises.

He said: “In the rental market, competition remained fierce, with demand still heavily outweighing supply in many parts of the country.

“Renters continued to face affordability pressures, and concerns around future supply could keep the market challenging throughout the year. For consumers on both sides of the market, preparation and good advice remained more important than ever.”

Encouraging signs

In the residential property market, the report found March saw an increase in activity, with the average number of sales agreed per member branch rising to 8.14.

The average number of new prospective buyers registered per branch also edged higher, reaching 78.

Mr Emerson said the market showed encouraging signs despite ongoing affordability pressures.

He said: “March was a month that delivered some encouraging signs across the housing market, with sales agreed, buyer registrations and viewing activity all moving in a positive direction as we entered the traditionally busier spring period.

“Although inflation remained above target and global economic pressures continued to influence sentiment, we saw many buyers adapting to current borrowing conditions and proceeding where pricing expectations were realistic.

“We also saw improved levels of stock entering the market, which was helping to provide consumers with greater choice and creating a more balanced environment in some areas. However, affordability pressures continued to weigh heavily for many households, particularly as mortgage rates remained sensitive to wider economic events.”

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Tenant demand is rising as home supply falls – RICS

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Property118

Tenant demand is rising as home supply falls – RICS

Tenant demand continues to rise while the supply of available homes for rent remains is falling, the latest RICS UK Residential Survey reveals.

The survey found tenant demand rose to a net balance of +14%, while landlord instructions remained negative at -17%.

A net balance of +25% of respondents also say they expect rents to rise over the coming months.

That will keep pressure on tenants’ finances at a time when the sales market is also weakening.

House sales are down

The survey also found home buyer demand remained firmly negative, with new buyer enquiries at -34% in April.

That was less severe than the -40% recorded in March but still pointed to weak activity.

Agreed sales were also subdued, with a net balance of -36%, broadly unchanged from -35% in the previous month.

House prices came under heavier downward pressure as the headline house price indicator slipped to -34%, compared with -25% in March.

Buying sentiment is ‘subdued’

The organisation’s head of market research, Tarrant Parsons, said: “April’s results show a housing market still in the grip of macro headwinds stemming from the Middle East conflict.

“Recent warnings from the Bank of England that interest rate rises may be required to tackle renewed inflation, driven by elevated oil prices and disrupted supply chains, underline the challenging environment facing buyers.”

He added: “Until there is a clearer path for inflation and borrowing costs, activity and sentiment look set to remain subdued, particularly across southern England and London where affordability pressures are most acute.”

House prices struggle

House prices in London, the South East, East Anglia and the South West saw stronger downward pressure.

However, the North West and North of England posted marginally positive readings and prices were still rising in Scotland and Northern Ireland.

Near-term house price expectations remained negative at -38%, although this was an improvement on March’s -45% reading.

Industry reaction to the RICS UK Residential Survey

Tom Bill, the head of UK residential research at Knight Frank, said: “The Renters’ Rights Act has reinforced the imbalance between supply and demand in the rental market, which will sustain upwards pressure on rents.

“This is an unintended consequence of the new rules and upwards pressure on rents could intensify by curbing supply further if future green regulations for landlords are introduced without effective consultation.”

He added: “After mortgage costs were pushed higher by the Middle East conflict and associated energy price shock, the prospect of a new government to the left of Keir Starmer brings its own inflationary concerns and has squeezed buyers further.

“Those sitting on mortgage offers that predate the conflict are keen to transact, but downwards pressure on prices will increase as offers lapse in coming months. We expect minimal UK house price growth of 1.5% this year, but that depends on how events in the Middle East and at Westminster play out.”

Jeremy Leaf, a north London estate agent and a former RICS residential chairman, said: “The Renters’ Rights Act has prompted some landlords to sell though not as many as we had feared.

“The resultant shortage is supporting rents which would have probably otherwise dipped bearing in mind continuing tenant affordability concerns.

“Demand has improved a little in the past month or so but the rising cost of living partly due to the war in Iran is frequently mentioned in our offices as a reason not to increase rental offers too far.”

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