Borrowing costs are now the biggest threat to landlords

Or with house prices clearly cooling, do they hold off investing altogether until there’s more of a sense of stability?

The knock-on effect of fewer properties is additional pressure on a private residential rented sector that is already desperately in need of new investment to cope with increased demand and rising rents.

The best solution is government policies that significantly increase housing supply and a fairer tax regime for landlords. 

Nathan Emerson is chief executive of Propertymark