Rent rises are on landlords’ minds after Budget tax hike
By Kerfuffle Editorial ·
Seven in ten landlords surveyed are considering rent rises after property income tax rates increased. For agents, that could mean more conversations about pricing and the Budget.
The Budget has landlords reaching for the rent calculator: in a survey of 650 UK landlords, 32% said they intend to raise rents to offset the extra tax, while another 38% are considering it.
That makes seven in ten weighing a rise. You may soon be juggling more rent chats alongside the usual viewing feedback and the solicitor who’s gone quiet again.
For your branch, it’s worth being ready to discuss rent expectations clearly with landlords, and to handle the follow-up questions from tenants with care.
Read the full story at Property Soup.