Recent government tax policy is discouraging BTL, and landlords are selling up.

This has had the perverse effect of driving up rents for a more limited supply of properties.

High interest rates + high rents = buyers can't save for a deposit nor qualify for a mortgage.

What's needed are properties built exclusively to rent. Councils should approve 'build to rent' multi-unit developments that are owned and professionally managed as a whole

#UKRentalMarket #BuildToRent

https://www.bbc.co.uk/news/business-65252376

Renting: Shortfall of properties creates frenzied market, surveyors say

Agents say high numbers of tenants chasing a shortage of properties will continue to push up rents.

BBC News