Landlords and this weeks Budget
discussion Landlords to Reeves: Raise Capital Gains Tax, and We’re Out! 🚪🏠💸 Landlords are increasingly worried about the Labour government, with potential increases (CGT) seen as a major risk. According to Pegasus Insight, 91% of surveyed landlords anticipate a negative impact due to higher taxes, rising operational costs, loss of control, and perceived anti-landlord sentiment. Top Concerns: 🔹️CGT Changes (85%) 🏛️ 🔸️Rent Controls (79%) 📉 🔹️Section 21 Removal (73%) ❌ 🔸️Landlord Licensing (54%) 📑 🔹️Stricter Energy Standards (51%) 🌱 If CGT is raised: 🔸️39% will halt new investments, 🔹️Nearly 20% plan to exit the market, 🔸️37% are considering selling properties 🏠. ▪️Market Impact: 📈 Strong tenant demand remains, with 79% of landlords reporting high interest. However, a surge of motivated sellers could shrink rental stock, increasing rents and creating a supply-demand imbalance. ▫️Long-Term Outlook: The PRS, home to nearly 20% of the UK population, could see more strain, pushing rents even higher and reducing housing options. ▪️Mark Long of Pegasus Insight warns that increasing CGT could worsen the crisis: “The government should consider the impact of CGT on landlords and renters alike.”