Nearly half of landlords say they will reduce – or sell off all - their property investments in the private rental sector because of the potential removal of Section 21, research reveals.
Buy to let landlords who decide to abandon the market because of the government clampdown have been earning an average profit of £80,000 for each of the properties they sell.
The confidence levels among landlords in the private rental sector are so low that 25% of them say they will be selling at least one property in the next 12 months, one report reveals.
There has been a big jump in the number of landlords who are returning to the buy to let market after they have come to terms with the extra costs being imposed, says one estate agency.