UK landlords optimistic about property investment future, survey reveals – The Intermediary

A survey conducted by Butterfield Mortgages reveals that 65% of private landlords in the UK are optimistic about the future performance of their property investments.

Despite economic and political turbulence, landlords anticipate positive capital growth and rental returns.

The survey of 2,000 UK adults, including buy-to-let (BTL) property owners, found that 32% expect house prices to rise in 2024, while 47% believe the Bank of England’s base rate will decrease.

However, landlords expressed a desire for more consistent and clear Government policy, with 62% seeking greater stability in this area.

Alpa Bhakta, CEO of Butterfield Mortgages, said: “After a turbulent two years from both an economic and political perspective, it is noteworthy that two-thirds of UK landlords remain optimistic about how their property investment will perform.

“But our research also shines a light on the challenges they face. Clearly, most landlords do not expect house prices to immediately return to growth in 2024, even if the base rate does start to come back down.

“Moreover, inconsistency in government policy appears to have resulted in a degree of hesitancy among private landlords, with many likely to sit tight and await the election outcome so they can gain greater clarity on what reforms and regulations might be introduced in the next parliament.

“It will be interesting to see how the political parties approach the property market in their election campaigns next year.”