Some 80% of letting agents in Scotland are reporting a dramatic increase in the number of landlords serving notice to sell because of the country’s draconian rent control measures – a sure sign that the policies are failing.
While landlords are unable to evict tenants in many circumstances as the Cost of Living (Tenant Protection) (Scotland) Act is extended, those with tenancies that are naturally coming to an end are now more likely to take the chance to sell.
And in new research, 94% of letting agents have reported an increase in investors choosing to get rid of their properties, rather than provide a home for a new tenant.