NRLA supply and demand campaign secures widespread media coverage
The NRLA’s ongoing campaign to remind the Government of its obligation to deal with the private rented sector’s supply issues received a significant boost this week, following widespread coverage of new research findings.
As the supply crisis continues to unfold across the private rented sector, the NRLA has been urging policymakers to take the important steps necessary to address the current intolerable shortage of homes.
With this in mind, this week we publicised figures, gathered for the NRLA by research consultancy BVA/BDRC, which reveal the extent to which landlords anticipate being forced to sell rental properties in 2023.
According to data received from respondents during Q4 2022, one-third of NRLA members expect to sell rental property this year. By contrast, only 11 per cent of those who participated in the survey said they expect to expand their Buy-to-Let portfolio during 2023. In response to the publication of these figures, a range of national media outlets have covered these findings.
In its coverage of the latest trends in the UK’s private rented sector, The Times referenced the negative impact which an increased landlord exit rate would have on tenants across the market, citing how this could push up rents. The key conclusions set out in our press release were also featured in news round-ups up Virgin Radio and Times Radio.
Separately, The I’s Jessie Hewitson referenced this latest dataset in her latest op-ed entitled ‘Tenants may be sick of their landlords, but without them rent will be even more expensive’ (16 February). Elsewhere, in The Telegraph, Columnist Matthew Lynn referred to the newly-released figures in a new comment piece (16 February) arguing that, if current trends continue, the supply of homes available to rent will reduce significantly. This piece was also featured on MSN UK.
The research findings were also covered by Property Industry Eye, Landlord Today, Property Reporter, Mortgage Strategy and Landlord Zone.
Coverage of NRLA research in Property Reporter
Coverage of NRLA research in the Telegraph.
This week’s coverage follows the NRLA’s call, in advance of this year’s Budget, for the Government to launch a full review of taxes which affect the private rented sector. In our view, this will help determine what pro-growth measures should be introduced to resolve the supply crisis.
If you’d like to read the aforementioned findings, click here for further details.