More than half of UK landlords are now feeling optimistic about the existing buy-to-let environment, and the opportunity it presents.
The industry currently faces a number of challenges following several changes over the past couple of years, including a taxation policy that appears to penalise private landlords.
But landlords remain largely confident in their outlook, despite the influx of regulatory changes over the past few years, with 52% of landlords currently positive about being a landlord in the existing economic and political climate.
In contrast, only 16% of those surveyed feel negative about being a landlord, while an additional 30% felt indifferent about being a landlord in the current economic and political climate.
Your Move’s Landlord Sentiment Survey, which gathered opinions from nearly 1,100 landlords in June, also reveals that the two most important considerations to landlords are ongoing maintenance and upkeep costs (83%) and the potential to make long-term profit (80%).
In comparison, the least important factors are the tenant fee ban (43%) and the potential impact of Brexit (32%).
The study also suggests that the majority of landlords are thinking about the long-term when it comes to their property investment - nearly two thirds of landlords (64%) surveyed revealed they are unlikely to sell a property in the next 12 months.
Martyn Alderton, national lettings director at Your Move and Reeds Rains, said: “Given the number of regulatory and tax changes in the buy-to-let market over the last few years, it wouldn’t be surprising if landlords felt some trepidation about the future. However, it’s great to see that the landlords we surveyed do, for the most part, remain positive about the future.
“Our research shows the majority of landlords are in it for the long term and that’s important for the well-being of the Private Rental Sector, providing much needed homes for those who cannot yet afford, or do not wish to purchase due to lifestyle choices.”