Contrary to what critics of private landlords would have you believe the average landlord is not the stereotypical ‘property tycoon’ they are portrayed as in some quarters.In fact, the increased costs many have faced over recent years due to inflation and higher interest rates have made it tougher for them to stay in the market.A significant number have exited the sector over recent months, many of whom are likely to have had portfolios consisting of only one or two properties.
However, rather than get bogged down in debate about whether landlords are ‘working people’ or not, the Government should focus on dealing with the myriad issues which prevent the development of a thriving rental market.In short, what we need is for the Government to take clear steps towards the creation of an environment which encourages, rather than deters, investment in the homes people need.