Personal allowance cuts mean most landlords leaving the market will pay more tax from April 2024 if they choose to sell their investments.

Despite falling prices more than nine out of 10 sellers still sold their home for more than they paid netting themselves just over £100,000.

Landlords are often opting to set up a limited company to benefit from more favourable tax rules, Hamptons says.

The London agency reports 50% of properties went for less than the original valuation last year, with more price drops to add this month.

Hamptons research reveals downsizers are bucking the trend and still driving outmigration from the Capital as they hunt for more value and space.

Although the buy-to-let sell off is slowing – down from 15.7% in 2022 to 14.0% – investors are still set to sell 139,820 buy-to-lets across Great Britain.

Sibling support for first-time buyers has doubled in six years and now accounts for a record 11% of deposits although parental support is still 72%.

Property investors who sell now are doing worse than those who took the plunge last year, Hamptons research shows.