Landlords in the South of England are the most optimistic about BTL investment prospects, according to new research from Landbay.
However, overall landlords are more pessimistic than optimistic, regardless of where they are located.
Surveying landlords responsible for over 2,000 properties, almost a third (23%) of landlords reported that they are positive about the future.
This is more than the 17% and 13%, in the Midlands and North respectively, who felt the same way.
In the North, 44% of landlords admitted they felt negative about their prospects, compared to 39% in the South and 42% in the Midlands.
The research also revealed trends in property ownership and how this is impacting sentiment.
Landlords owning properties via limited companies are more confident than those operating as individuals.
Out of the former, only 35% feel negatively about their BTL outlook compared to 55% of the latter.
Only 0.75% of all landlords polled said they were planning on exiting the BTL sector entirely, with 25% confirming plans to sell off part of their portfolio.
Just under half (47%) ruled out growing their portfolios, altogether.
“While there are certainly some headwinds to contend with, it is reassuring to know so few of them are choosing to cut and run entirely,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“There are forty landlords looking to expand their properties for every one landlord planning to chuck in their portfolios entirely.
“Property remains a reliable investment vehicle.”
