Landlords, battered by high interest rates and tightening energy-efficiency regulations, are losing patience with the property market.
Barry Webb, chief executive of Mortgage Saving Experts, said he has noticed this particularly in the south of the country, where rental yields are lower because property prices are higher. Fewer landlords have been purchasing properties with lower Energy Performance Certificate (EPC) ratings because the figures just simply do not stack up, he says.
But he also believes landlords have held fire on buying more properties due to an accumulation of factors, not just EPC ratings.