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Landlords Unmoved by Brexit Fears

Two thirds of landlords have indicated that they are not planning to reduce rent prices, even if house prices are affected by the UK's Brexit negotiations with the European Union, according to a new poll.

Two thirds of landlords have indicated that they are not planning to reduce rent prices, even if house prices are affected by the UK's Brexit negotiations with the European Union, according to a new poll.

Online property services agency Rentify polled responses from nearly 2,000 landlords and found that 2/3 are not planning on reducing rental costs in the wake of Brexit.


The poll suggested that the UK’s 1.75 million landlords are feeling optimistic about the strength of their property portfolios, with less than 15% of respondents planning to sell any or all of their rental properties within the next 2 to 5 years.


The proportion of landlords looking to retain their property portfolios over the same period increased to 20% for those who possess assets in London, where the average property price of £472,384 is more than double the UK average of £204,968 according to Nationwide’s latest index.


Commenting on their results, Rentify’s analyst Rushal Ahmed said: “Brexit has forced many landlords who were focused on capital appreciation to rethink their strategy. We forecast reduced liquidity in the market in the near term as buyers wait for prices to drop before purchasing.”


Following a surge of property investment activity in March, ahead of the introduction of the new Stamp Duty surcharge on 1 April, the amount of rental stock in the UK has also increased, with many landlords expected to monitor how the market performs in relation to these new acquisitions.


The news follows rental index figures published by HomeLet that show demand for rental property across the UK remain strong in June as rents increased by 3.5% across the UK.

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