Landlords optimistic about the future

by Morag Lyall

Landlords have showed shown signs of optimism about business in the coming months.

A survey by BDRC Continental revealed that more than half of respondents expect business to be good over the next three months and 79 per cent of all landlords have reported profits.

The research also found that 23 per cent of landlords plan to expand their leasehold property portfolio over the same period and 15 per cent plan to sell.

However, it also discovered that as many as 34 per cent of landlords have been affected by tenancy agreements being broken from rent arrears in the last 12 months.

Commenting, Malcolm Harrison, spokesperson for Let Insurance Services, said: "We are still living in really troubled economic times so it is inevitable that some people are going to have problems with their rents.

"Landlords need to be fully aware that we are in a time of higher risk and tenants through no fault of their own can lose jobs."

Research by the company found that landlords viewed rental arrears as the biggest single risk in the private rental sector.

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Published on: June 9, 2010

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