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 other parties 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.”