Feb

Landlords speak: Brexit is still a big worry for over half of you, our poll reveals

admin

Results are in from the latest LandlordZone poll of our readers and forum users to find gauge your attitudes to the year ahead.

Despite estate agents heralding a ‘Boris
bounce’ in the housing market, landlords believe our EU exit will make their
lives harder.

A poll of
Landlord Zone subscribers revealed that they fear Brexit could hurt supply and
demand.

We posed the
question: ‘Now that the dust has settled, do you think Brexit will have a
positive or negative impact on landlords in the UK?’

A majority –
57.9% – said it would have a negative impact, while only 42.1% believed it
would have a positive effect.

With
depressed house prices and more landlords quitting (according to the latest
ARLA Propertymark survey), the sector is coming to terms with tax relief cuts
and the Tenant Fees ban.

Many
landlords are also reluctant to expand their portfolio. However, in an uncertain
property market, fewer sellers could direct many people into the private rental
sector, while the ‘Boris bounce’ has put a spring in the step of estate agents
nationwide.

That’s the view of Paul Shamplina, founder of
Landlord Action, who believes the Conservatives’ win will spark strong demand
for rental properties and growing rents.

“During the run-up to the election, landlords
were hugely worried about Labour or the Lib Dems getting in,” he says. “All I
was hearing was doom and gloom and that they were planning to exit the market,
so landlords breathed a sigh of relief at the election result.”

But he adds: “The
only problem Brexit might bring is if there are fewer EU tenants to generate
demand. We also await the result of the Court of Appeal case on Right to Rent
to find out whether the government pulls the scheme.”

View Full Article: Landlords speak: Brexit is still a big worry for over half of you, our poll reveals