Landlords remain optimistic despite political and economic climate – Your Move

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  • 16/08/2018
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Landlords remain optimistic despite political and economic climate – Your Move
The majority of landlords feel optimistic about the buy-to-let environment, despite the current economic and political climate, research has found.

 

Almost 52% of those surveyed are positive about being a landlord, while only 16% show a negative attitude, according to the latest analysis from Your Move.

An additional 30% feel indifferent about being a landlord in the current economic and political climate.

Your Move’s Landlord Sentiment Survey has also revealed that the two most important considerations to landlords are ongoing maintenance and upkeep costs and the potential to make long-term profit, with a percentage of 83% and 80% respectively.

In comparison, the least important factors are the tenant fee ban, with 43%, and the potential impact of Brexit, with 32%.

The report said landlords remained largely confident in their outlook, despite regulation changes, reductions in tax allowances, additional stamp duty surcharges and stricter portfolio lending.

 

Unlikely to sell

It added that most landlords were deciding to hold out and think about the long-term, with almost two thirds of landlords surveyed revealing they were unlikely to sell a property in the next year.

Martyn Alderton, national lettings director at Your Move and Reeds Rains, said: “Given the number of regulatory and tax changes in the buy-to-let market over the last few years, it wouldn’t be surprising if landlords felt some trepidation about the future.

“However, it’s great to see that the landlords we surveyed do, for the most part, remain positive about the future.

“Our research shows the majority of landlords are in it for the long term and that’s important for the well-being of the private rental sector, providing much needed homes for those who cannot yet afford, or do not wish to purchase due to lifestyle choices.”

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