Recent research challenges the notion that the introduction of the Renters’ Rights Act will prompt a mass sell-off of rental properties by landlords. Data from OnTheMarket reveals a gradual increase in landlords listing properties for sale over the past two years, suggesting a more complex market dynamic than a sudden exodus triggered solely by new legislation.
Gradual Increase in Landlord Listings
OnTheMarket’s analysis tracks properties initially advertised for rent that were relisted for sale within six months. Their data shows a steady rise in such listings, with a 91% increase in January 2024 compared to the previous month, reaching 1,265 properties. This figure was also 41% higher than in January 2023. The upward trend continued, with listings rising by 94% over the two years leading to January 2026.
March 2026 saw the sharpest monthly increase, with converted listings up 40% on February and more than doubling compared to March 2024, marking a 120% rise. Notably, this surge occurred two months before the Renters’ Rights Act came into effect, indicating that other factors may be influencing landlord behaviour.
Factors Influencing Landlord Decisions
Jason Tebb, president of OnTheMarket, emphasises that the data reflects a market already in transition rather than one reacting abruptly to legislation. He explains, “Much of the debate around the Renters’ Rights Act has focused on the idea that it will trigger a sudden landlord exodus. However, our listings activity data suggests a more nuanced picture.”
According to Mr Tebb, the increase in listings predates the Act’s commencement and is driven by a combination of pressures affecting buy-to-let economics. These include higher interest rates since 2022, changes in tax treatment of property investments, rising maintenance and insurance costs, and the appeal of alternative investments. He notes, “The Renters’ Rights Act looks less like the sole cause of change and more like a tipping point for some landlords who were already reassessing whether buy to let still stacks up.”
Seasonal and Economic Considerations
OnTheMarket suggests that the timing of the recent rise in listings may also be influenced by the traditional spring sales market, with some landlords waiting for a stronger selling window. Additionally, wider economic and geopolitical uncertainties may be encouraging landlords to simplify their finances and reduce exposure.
Mr Tebb advises caution in interpreting the recent increase in listings, stating, “Part of the sharper increase this year may reflect timing, with some owners choosing to list into the traditional spring uplift rather than earlier.” He adds that the sector is undergoing a structural shift rather than reacting to legislation in isolation.
What this means for landlords
The findings suggest that landlords should consider the broader economic context alongside legislative changes when making decisions about their portfolios. While the Renters’ Rights Act may act as a catalyst for some, many landlords continue to operate as usual amid evolving market conditions. The key challenge remains managing this transition without exacerbating supply pressures in areas where rental homes are already scarce.
Source: Based on reporting from Property118
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Source: www.property118.com
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