- Rental demand: Remains strong across Plymouth, with properties letting quickly.
- Time to let: Average of just 12 days in September.
- Rental yields: Most property types achieving gross yields of 5.8% or higher.
- Rental prices: Plymouth rents remain generally lower than the wider South West.
- Landlord tax increases: Property income tax rates reported to rise to 24%, 44% and 49% from April 2027.
- Energy efficiency: Landlords face tougher EPC requirements by October 2030, with potential investment of up to £10,000 per property.
- Rent increases: Must be supported by market evidence, as tenants can challenge excessive increases.
- Landlord profitability: Rising taxes and compliance costs could reduce net rental returns.
- Financial management: Accurate expense records and tax planning are increasingly important.
- Investment outlook: Plymouth remains an attractive rental market, supported by healthy yields and strong tenant demand.
Overall: Plymouth’s lettings market remains strong, with quick letting times and healthy rental yields. However, increasing taxation and regulatory costs are putting additional pressure on landlords’ profitability.
📊 Whether you’re buying, selling or investing, understanding your local market is key to making informed decisions.
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