Third of landlords concerned Brexit will scare off future tenants

  • 11/10/2016
  • 0
Third of landlords concerned Brexit will scare off future tenants
Over a third of landlords are worried about the negative impact Brexit could have on their ability to attract tenants in the future, findings show.

Research from the National Landlords Association (NLA), showed that by region, the east Midlands was the most positive about the UK leaving the European Union, but still only 14% of landlords said it will be a good thing for their business.

In contrast, 55% of landlords in central London thought the UK’s departure from the single state would be negative, compared with 2% who expect it to have a positive effect.

Overall, 39% of landlords said that Brexit was likely to have no significant impact on their business; 21% were unsure; while 5% believed it would have a positive impact.

Richard Blanco, London representative for the NLA, said: “These findings clearly show that a significant proportion of landlords are concerned about what Brexit will mean for their lettings business so we wanted to try to understand and make sense of the situation.

“We now know that Article 50 will be triggered soon, but landlords still have lots of questions, like what will happen to rental demand as a consequence of Brexit, will house prices fall, or should I rethink my investment strategy.”

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