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INDUSTRY NEWS

State of the PRS – Winter 2023

Eleanor Bateman 8 February 2024

The second in the NRLA’s ‘State of the PRS’ series provides an update on the private rented sector, highlighting the latest demand and supply statistics, rent data and landlord investment. 

Ahead of the Budget, due to take place on 6 March 2024, this edition outlines findings from our Q3 2023 member survey, which sought members’ attitudes on pension planning and Capital Gains Tax (CGT) reform. 

More broadly, against sustained, high demand for private rented homes, landlord confidence improved in Q3 2023.

This has been driven by falling inflation, stabilising interest rates and government assurances that, in England, Section 21 will not be abolished until court reform is sufficiently progressed. However, with continued uncertainty around rental reform and a general election on the horizon, whether this increased confidence can be sustained is unknown. 

The ‘State of the PRS’ series aims to make it easier to map changes in the sector and will be useful for anyone involved in NRLA campaigning, offering up to date facts and figures to cite in correspondence with MPs, local authorities and other stakeholder groups. 

State of the PRS report winter 2023
357.00 KB 08/02/24
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Eleanor Bateman
About the author
Eleanor Bateman
Public Affairs Manager

Ellie joined the NRLA to progress its campaigning and public affairs work. Having spent six years working in town planning, Ellie became an ‘accidental landlord’ and went on to hold roles in the sales and lettings industry, both in agency and in policy and lobbying. She has amassed a wealth of experience in her 15 years working in housing at national and local levels and is passionate about making sure the needs and benefits of the private rented sector are fully recognised by Government.