I was pleased to learn recently that, despite the punitive tax changes imposed by the government, landlords confidence in the private rental sector is on the up.
Savings specialists Kent Reliance have published their latest Buy to Let Britain report and it concludes that residential landlords are predicting a bright future.
The report covers the third quarter of the year and was carried out via a survey of 900 investors. No less than 54% of landlords are confident regarding the prospects of their property portfolios. This compares favourably with the figures for the second quarter which reported a record low of just 39%. This was deemed to be a direct result of the increase in Stamp Duty.
The survey also reveals that a third of landlords expect rents to increase in the next six months. The report suggested a rise of some 5.4%, although Kent Reliance themselves predict a rent rise of 3.0% during 2017.
Whichever way you look at it, there certainly seems to be grounds for optimism for landlords in the coming twelve months and that can only be good news!
If you are a landlord considering letting a property or a tenant looking for a new home why not give me, Eddie Carter, a call on 01684 292154 to discuss your requirements. Alternatively take a look around our website. We specialise in the Tewkesbury, Cheltenham, Evesham, Gloucester, Malvern and Worcester areas.