A survey by agency Foxtons suggests the election has had no substantial effect on landlords’ decisions to grow or sell portfolios.
Conducted on the eve of the election, the survey gathered responses from over 1,000 landlords within Foxtons’ 28,000-strong portfolio.
According to the survey, nearly 59% of landlords believe a Labour victory would not influence their decision on whether to expand or sell their portfolios.
This sentiment increases to 76% among those who expect a Conservative win.
The survey also highlighted landlords’ perceptions of political party support for the private rented sector.
Just 9% of respondents strongly believe the Conservative Party supports the PRS, with 28% slightly agreeing.
Labour got an even more hostile reception with only 7% strongly agreeing and 14% slightly agreeing that the party supports the PRS.
Some 63% of landlords are worried that legislation against market rents could negatively impact their personal finances; but 30% urged more social housing as key to cutting reliance on their properties by low-income and homeless households.
And some 37% of landlords stated that policies towards private renting were very important in influencing their vote, with another 37% considering them just ‘somewhat important.’
Conversely, 15% viewed these policies as not very important, and 11% said they have no impact on their voting decisions.