Landlords are selling up shop amid fears Labour will whack up capital gains tax and and implement further regulation, according to a survey by The Royal Institution of Chartered Surveyors’ (RICS). From May to July, landlords instructing estate agents fell by 16% overall, dropping by a whopping 59% in East Anglia and 39% in the East Midlands. Sell now or pay later…

The survey points the blame of the drop of buy-to-lets at Reeves and her clan’s likely tax rises, coupled with the new Renters Rights Bill, which ends fixed-term penalties meaning landlords cannot make renters leave without clear fault-based grounds. Meanwhile, the number of houses to rent has dropped by nearly half since 2019 – and rent is only going up. Yet again the effects of a so-called ‘pro-growth’, planning reform orientated Labour are coming to light. And this is just landlords reacting pre-emptively…