According to new research, over three-quarters of portfolio landlords plan to expand their portfolios by at least one more property over the next 12 months – despite the chances of a no-deal Brexit looking likely.
Citing a study carried out by The Property Hub, LandlordToday reports that 77% of landlords polled plan to buy at least one more property in 2019, with 70% saying that even a no-deal Brexit would be unlikely to affect their growth plans.
But it isn’t just the uncertainty over Brexit that some landlords are flying in the face of - tax crackdowns which have eaten in landlords’ profits are not putting off investors either.
- 84% said they had no plans to sell any properties in the next three years;
- 66% said they still would not be offloading properties, even if the Government were to announce further tax measures,
Rob Dix, co-founder of The Property Hub, said: “There’s been so much talk of a mass exodus of landlords and the death of buy to let, it’s easy for some would-be landlords or, indeed, tenants, to believe the rental market is on its knees. However, it’s clear from our survey that landlords are far from retreating from the market.”