Rents set to rise 15% as buy-to-let crackdown forces landlords to sell

Rent prices could rise by 15% in the next five years as the Government squeeze on landlords forces them to sell up, surveyors have warned.

The Royal Institution of Chartered Surveyors said letting agents reported a drop in rental properties coming to market for the 21st consecutive month in July.

Surveyors thought rents would rise slowly over the next 12 months, then keep rising for at least another four years as the crackdown on buy-to-let owners meant fewer homes were being rented out.

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