The latest index from BM Solutions reports a big decline in landlord's appetite to acquire more rental property.
The lender reports that just 13% of respondents are looking to expand their existing portfolios; the least enthusiasm shown since they started collected data back in 2006.
It comes as no surprise to me; what with the legislative and tax beatings we've been subjected to, and the stella performance of the majority of investment trusts over the course of the past year.
Why on earth take on the hassle of further quirksome tenants when you can make a few clicks on a Hargreaves Lansdown account and be done with it?
The Government needs to take heed before clobbering us more.
Other factors listed by BM Solutions were, falling tenant demand, particularly in Central London,
Phil Rickards of BM Solutions, comments:
“Despite signs of landlord confidence stabilising this quarter, fewer landlords are feeling optimistic about the prospects for their own businesses.
This has driven down the number of those looking to expand their portfolio further to a new all-time low despite the average portfolio creeping up slightly.
The impact of the tax changes has a natural link to landlord confidence, as the market landscape continues to be reshaped by changes in regulation.”
This has driven down the number of those looking to expand their portfolio further to a new all-time low despite the average portfolio creeping up slightly.
The impact of the tax changes has a natural link to landlord confidence, as the market landscape continues to be reshaped by changes in regulation.”
Take advantage of our discounted landlord insurance ratesLandlord expansion plans at all-time low https://t.co/FDV9nPVxY7— NLA (@nationalandlord) April 27, 2017
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