Landlords leaving sector

Landlords Leaving, Rents Rising – What Cornwall Needs to Know

July 10, 20251 min read

Landlords Leaving, Rents Rising – What Cornwall Needs to Know

The recent RICS report hits home: landlords are pulling out of the rental market in record numbers, pushing rental stock down and rents up. Cornwall isn't immune—and in our coastal towns, this will affect tenants and landlords here more than ever.

The Landlord Exodus:
Mortgage squeeze, higher taxes, and tougher tenant rights are making landlords sell up. RICS says supply has shrunk for 11 straight months, pushing rents up 7% by May

landlords leaving property market

What This Means Locally:
In Cornwall, where housing is already limited and demand high, fewer rentals mean longer waits and more competition. Tenants may struggle to find decent homes at short notice; landlords may still benefit—but only with careful planning.

Practical Tips (Tenants):

  • Get documents (references, guarantor, deposit) ready in advance

  • Look beyond big towns – consider smaller villages too

  • Ask local agents about upcoming listings

Practical Tips (Landlords):

  • Review mortgage and tax planning in light of new laws

  • Consider longer-term builds or conversion projects in Cornwall

  • Keep properties well-maintained to retain and attract tenants

What’s Next:
With the Renters’ Rights Bill and other reforms coming, the rental market’s future depends on supply growth and how agents adapt. Cornwall needs a steady strategy: build, support good landlords, and protect tenants.

Closing:
In Cornwall, rising rents and low stock aren’t just statistics—they affect real people. Whether you’re renting or letting, plan ahead. Greenway is here to guide you through the changes and help you stay secure and informed.

Lee Trunks

Lee is one of the 4 directors of Greenway property.

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