Only 29% of landlords have positive expectations for their letting business over the next three months, according to recent research.
This was a 15 percentage-point decrease from the 44% recorded the same time last year.
The latest BVA BDRC Landlords Panel for Q2 2019 also found that the five confidence indices — capital gains, rental yields, UK financial market, UK private sector and own letting business — were at their lowest levels in seven years.
Other highlights from the research included:
- capital gains confidence fell to 23%
- rental yields prospects dropped to 39%
- 15% remained optimistic about the UK private rented sector
“The private rented sector plays a significantly important part of the UK housing market, so it is concerning many landlords have a bleak outlook at the moment,” said Damian Thompson, director of mortgages at Aldermore (pictured above).
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