I think so. Interest rates are rising but rents are capped. So it's going to become less profitable.
You face a few huge risks.
A bad tenant is very difficult to deal with, and even more difficult when you abroad.
If the legislation does not allow you to end the tenancy to sell the property, you could be really stuck and the property would be devalued.
And the two will probably combine. With every attack on the landlord's rights, bad tenants are emboldened.
Most tenants are decent, pay their rent on time and look after the place. But if you get one of the 10%(?) who act the maggot, then you would be in deep trouble.
Follow the crowd of private landlords to the exit doors.
Brendan