More landlords are selling up in London, with the number of buy-to-let properties up for sale hitting a 10-year-high.
Analytics company TwentyCi found 22% of all newly listed homes in July had been available to rent in the last 10 years.
This compares with 15.6% in July 2023.
Across the rest of the UK, the number of landlords selling their properties was significantly lower at 9%.
Chief executive of TwentyCi, Colin Bradshaw, said fears of a capital gains tax increase was one of the reasons for the landlord exodus.
Capital gains tax is a levy on any profit you make when you sell or “dispose of” an asset, such as shares or a second home.
The amount you can earn in profit before paying capital gains tax is currently £3,000.
Mr Bradshaw said another factor was expected measures such as the requirement for a minimum emissions rating for rented properties by 2030.
HM Revenue and Customs Data shows private landlords’ income fell by 4% from £49.4bn in 2020-21 to £47.44bn in 2022-23.
One of the biggest falls in income was in London at 12.5%, followed by Scotland at 6.9%.
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