Third of landlords not concerned about effect of Brexit

Wednesday 12th October 2016

Some 39% of landlords surveyed by the National Landlords Association (NLA) believe that the UK's exit from the European Union will not have a significant impact on their business. 
This is compared to 35% who believe that Brexit will have a negative impact on their ability to attract tenants in the future. 
A fifth of those surveyed by the organisation said they were unsure how the impact of the Brexit vote would affect their buy-to-let activity.
A very small proportion, 5%, said they believe that Brexit will have a positive impact on the Private Rented Sector.
The research follows Prime Minister Theresa May’s announcement at the Conservative Party Conference that the process of the UK leaving the EU will be triggered by March 2017.
The highest proportion of landlords who think Brexit will have a negative effect on their business was recorded in Central London at 55%, while the lowest was in the North East (22%).
Meanwhile, the area with the highest proportion of landlords feeling positive about the referendum result and its impact on their business was recorded in the East Midlands (14%). The lowest proportion of positive landlords was recorded in Central London at just 2%.
The NLA has released these findings to coincide with the launch of its new podcast series. 
Inside Property's first 30 minute episode focuses on what life after Brexit could look like for landlords.
Richard Blanco, series presenter, is joined by Richard Bowser, editor of Property Investor News, Chris Norris, head of policy at the NLA and Richard Donnell, director of research insight at Hometrack.
“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,” says Blanco.
“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?” 
Inside Property is available to download now from http://insideproperty.org.uk.

comments powered by Disqus
Premium Articles
Sign up
Live Chat