Quote Originally Posted by A Quiet Monkfish View Post
Since 2017 in real terms there are 1.2million fewer properties in the PRS in the UK. It's going to get even worse in Wales as up to a third of PRS properties are take off the market. Rents have gone up by 30% as a consequence and will probably double within 18 months in some places. Private landlords are leaving in droves - it's no longer worth the hassle/grief.
I know, I’m one of them. Loads of oldies who have had rentals for 30/40 years have had enough, rent smart wales and the new tenancy agreements being the final nail. Then there’s the EPC issue which is by far the biggest load of government guff to date, attempting to get Victorian housing stock to a C in 2 years isn’t feasible. At least a million rentals don’t yet comply so be interesting to see how it unfold further. In a house I rent out in Treforest nr the Uni, rents have gone from £300 to £350 a month since September…..a room in a house in heath came available last sept and I had 60 people apply in one day. Nice work Drakeford