Landlords regret investing in buy-to-let

Landlords regret investing in buy-to-let

Landlords regret investing in buy-to-let – Over half (53%) of landlords would not have purchased their properties in the first place had they known how regulated the Private Rented Sector would become, research from property development firm Accumulate Capital has found.

Over a third (37%) of property investors plan to sell at least one of their properties this year.

Of this group, three in five (61%) blamed increasing regulations and taxes while one in five (21%) pledged to instead focus on alternative property investment, like debt and development finance.

Paul Howells, chief executive of Accumulate Capital, said: “Property investors are clearly frustrated by how much red tape there now is within the private rental sector and buy-to-let market.

“Yes, there is a need for regulatory measures to protect the interests of all parties involved in the property market, but as our research shows, some landlords feel the current system is unfairly weighted against them.

 

“What we might see as a result, is investors selling properties and downsizing their portfolios.

“Indeed, a considerable number of investors are now looking to alternative real estate investment options instead, such as development finance – these provide ways to access bricks and mortar investment opportunities without the complications or costs of actually purchasing the asset.”

Reflecting on the challenges facing landlords, nearly three quarters (72%) believe current tax and regulation measures are unfairly weighted against landlords.

Meanwhile over two thirds (69%) reckon the costs of managing their property portfolio has risen considerably in the past five years.

 

(https://www.propertywire.com/news/landlords-regret-investing-in-buy-to-let)
(Seen January 2020
)

 

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Letting Agents anticipate rent increases in 2020

House clearance in Mansfield

Letting Agents anticipate rent increases in 2020 –  The majority (84%) of letting agents think rent prices will rise next year, up from two thirds (65%) last year, ARLA Propertymark has predicted.

More than three fifths (61%) think demand will continue to increase, but almost seven in 10 (68%) reckon the number of landlords operating in the private rented sector will decline next year, as they are driven out by rising costs.

Indeed, two thirds (68%) expect landlords’ taxes to rise again.

David Cox, chief executive, ARLA Propertymark, said: “For far too long, successive governments of all political persuasions have passed significant amounts of complex legislation for landlords.

“As a result, much of this year has dampened landlords’ appetites to invest and expand their portfolios, with many consolidating their assets, or choosing to step away from the sector altogether.

 

“This has impacted tenants most, who have restricted supply and have been faced with less choice and paying higher rents.

“Looking ahead to 2020, we hope the government recognises the importance of increasing supply for tenants and uses it as an opportunity to make the market more attractive for landlords.

“This will encourage more landlords back into the market as well as ensure that tenants, including those who are most vulnerable, are not at a disadvantage in being able to find a suitable and affordable home to rent.”

 

(https://www.propertywire.com/news/agents-anticipate-rent-increases-in-2020)
(Seen December 2019
)

 

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