One out of every five landlords say they intend on doing business in the UK long-term. Even with changes to tax policy, 18% of landlords said that they intend to do business indefinitely. 24% of landlords in East England, the largest amount in the country, said they also intend on doing business long-term. Landlords with a portfolio of properties tend to remain invested for 15-years. Jeff Knight believes that rumors of landlords exiting are exaggerated, but believes that policy must still be sufficient for landlords to not exit.
Key Takeaways:
- One in five landlords are planning on staying remaining in the UK housing market.
- 20 percent of landlords have 16 to 20 years of landlord experience.
- There are some concerns about the the possibility of a large number of landlords leaving the market.
“What’s more, today’s portfolio landlords expect to stay invested in the market for an average of 15 years, compared to 10 years for non-portfolio landlords.”
Read more: https://www.propertywire.com/news/uk/almost-one-five-landlords-say-business-long-term/
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