Landlords Are SELLING 700 Rental Homes Every Day

Added: 2026-05-09

[00:00:00]Hi, my name is Jay Nicholson. Welcome to my YouTube channel. In this video, I want to talk about the updated data that we've got from Savills. Now, this reflects the amount of landlords that are actually leaving the market, and it's a huge quantity on a daily basis.

[00:00:16]But, do all those properties become residential, or do some of them go back into the rental market? Well, we've got some data on that as well.

[00:00:26]We've also got a comparison on how many more landlords have sold this year compared to last year and the previous year as well. So, it gives us a real insight into what's actually happening in the rental market. Now, before we do jump into this, if you are new around here and you haven't done before, do subscribe to my channel over there and hit that bell notification. By subscribing, you'll get all the latest house price news, interest rate news, property investing tips, and much, much more. And also, help me get some views on this video. Your part in that is simple. All you need to do is smash like, tickle like, do something to that like button. That really helps with the YouTube algorithm, and that really does help the channel grow. So, thanks to everyone that does that.

[00:01:09]So, the landlords' exodus, is it continuing?

[00:01:13]Well, according to Savills' data, it's actually getting worse. In fact, 700 properties, well, not 700, you're all going to call me out in the comments and say I'm wrong, but it's close enough, isn't it? 600 and 97 landlords are selling their property daily. 697.

[00:01:36]That's not an insignificant number, and most of those are not being replaced as rental properties. Most of them are going to be residential properties. Now, that's good. That means that somebody gets their foot on the property ladder.

[00:01:53]That takes away someone that needs to rent a property, but we still don't have enough houses, and that is a problem here because there are lots of people waiting to try and get properties at the moment, and it can be really tough to get a rental property in some places. I had a really good conversation with my Dorking letting agent Charlotte today.

[00:02:18]Uh and she was saying, "Look, landlords in Dorking haven't necessarily left.

[00:02:24]There's a lot of people that own uh their properties outright, uh and so they're happy to stay in the market, but they are getting stricter. And so, people will get stricter if there's enough tenant demand. And if more tenants uh come into the market, they can be even stricter on who they select to rent their property. So, that's not necessarily a good thing for tenants."

[00:02:47]So, how many properties have we lost in the last year? Well, it's now sitting at 254,000 and 54,000 properties lost uh in 12 months, which is not insignificant, is it?

[00:03:03]That's a huge, huge number. The previous year, how many did we lose then?

[00:03:12]We've talked about this already. Maybe you know about this. 208,000 properties.

[00:03:19]So, you're looking at not far off half a million rental properties gone. That's around 10% of all rental properties that have just left the market, and that makes things really tough for tenants because the population is growing, rental demand is growing, but the amount of rental properties is shrinking. And that is a number that we could see go up because these are the transactions that are done, right? These are the ones that are sold, and they're gone. There's still loads of Section 21s that are working through at the moment. Huge amounts of Section 21s were served according to Savills. They've never seen anything like it. And so, there are tons of people that have got Section 21s in in the last 2 months that are either just about to come to that 2-month date or in 2 months from now will come to that date and we'll see more properties come onto the market for sale. And so, it'll be interesting to see what ultimately happens then. Does this number go up to close to 300,000?

[00:04:22]That is a distinct possibility and that's something that we want to keep an eye on. And if that does happen, that's going to put a lot of pressure on renters and it's going to drive rent higher. So, the Renters' Rights Act that is meant to protect tenants is probably going to make their life a little bit tougher. And if you ask them in 12 months from now, would you rather have the Section 21s back and actually have your rent much lower, 15% lower? I think they'd rather have their rent 15% lower and contend with those Section 21s.

[00:04:53]Let's see how that goes. So, year on year, the properties that are being sold by landlords is 9% more. So, 9% more year on year. That's a big jump. I think when we get all this data and we see what happened once all the Section 21s are done and the dust settles, I bet you it's more than 20% increase on the previous year.

[00:05:17]Now, 2 years ago, not many landlords were selling. The Renters' Rights Act wasn't law. People were waiting to see what happens. And so, this year's sold properties is 28% higher. This year's landlord sold properties is 28% higher than it was 2 years ago. That's a huge amount of landlords leaving the market. Like I said, just those 2 years is 10% of all rental properties that have probably gone forever. And that's not great. Now, if you are a landlord and you're staying in, I did a video the other day where I talked about landlords that own in limited companies, sentiment there is very high. 89% of them are happy now with the market and what's going on. Those are the ones that stayed in, right? Those are the ones that didn't issue section 21s. They don't fall into this number. The ones that are staying now see this as a fairly good opportunity because rents are going higher. Yes, you've got more legislation to contend with, but people deal with that and it's easier to deal with it when you're a professional landlord.

[00:06:22]Now, what about sales? Well, in London in London 33% of all property sold are rentals. Now, you might think, is that a lot? Is that not a lot? Well, let's have a look. Well, the rest of the UK it's 13%.

[00:06:45]So, London is getting harder to rent. Now, London did have some rental declines over the last year or so, but now it is starting to go back up again. There's less stock in London and that's something to consider here.

[00:07:03]Now, of these properties, these 254,000 properties that got sold, 14% of those, 14% of those went back into the market and new landlords bought them. But not many. That's not much at all, is it? So, you're still way north of 200,000 that are a actual decline in rental properties. So, yeah, the stats are getting worse. They're going to get worse for the next few months, but I think next year they'll get better. It will bottom out. Less landlords will be leaving the market. People are in. They understand the renters' rights Act, they understand how it fits their property business. And so, I think the ones that have stuck around, they've got opportunity to actually now make some money with higher profits in their business. Let me know what you think about this. Do you think this number is going to get as high as 25% of landlords increase sales on last year? I think that's where we're going to get. Do like the video before you go. Do subscribe and also check out all the other content as well on my channel, including this video right here.