We use cookies to make your experience of our website better. Please read our cookies policy to find out more. If you continue to use our site, we will assume that you consent to our use of cookies.
Cunninghame Properties - Property Management & Residential Letting Agents On Facebook Cunninghame Properties - Property Management & Residential Letting Agents On Twitter

01294 461911

 

Buy-to-Let Not As Promising

Tuesday, 15th March, 2016

Landlords' confidence in the buy-to-let sector has collapsed to an all-time low and is now "worse than levels witnessed during the financial crash," says Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA), with landlords' business expectations having tumbled by more than a third over the past year - down from 67% to an all-time low of 43%.

The current level of confidence in the buy-to-let is now 5% lower than levels witnessed after the financial crash in 2007.

The NLA has reversed its previous prediction of the continued growth of the Private Rented Sector (PRS) by another million more households over the next five years.

It now forecasts that, if landlords follow through on their intentions, there will be a dramatic sell-off of 500,000 properties in the next 12 months, followed by another 100,000 sold each year until 2021.  

Mr Lambert said, "We've always said that Mr Osborne is blinded to the impact of his decisions by his commitment to home-ownership. He may have intended to focus on the small-scale part-time investor, but it's the larger and more professional landlords who will be hit worst by cuts to mortgage tax relief and increases to stamp duty, and who appear most likely to leave the sector." 

"What happens to the people these landlords house if they still can't buy and there are fewer and fewer properties available to rent?"




SEARCH

Our Accreditations
True