A new survey by Finbri found that if the UK base rate hits the expected 4.5% in 2023:
- 52.75% of landlords will raise rents to cover additional expenses
- 45.35% will consider alternative investments
- 44.66% will sell their investment properties
It also found that:
- 36% of landlords are unaware of the proposed Renters’ Reform Bill
- 24% have seen increased demand for their rental properties in the last 12 months
- 15% think they’ll invest in property in 2023
The report can be seen here.
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