top of page

Is it Doom and Gloom for Landlords as 2019 Draws to a Close?

An ominous sky representing doom and gloom

2019 has been a difficult year for landlords. The continued loss of mortgage interest tax relief, as well as the introduction of Making Tax Digital, have not helped instil a sense of confidence in the private rental sector. As a result, many landlords are predicting more doom and gloom ahead…

Landlord Survey

The Monmouth Building Society carried out a landlord survey and here’s what they discovered.

72% of landlords believe their tax obligations will grow worse as time goes on and 71% think their costs will increase. 45% of landlords think the economy is heading to the dogs and 53% of landlords think it will get harder for them to evict problem tenants.

Landlords Contemplating Diversification

Despite the clear sense of black clouds hanging over the private rental sector, not all landlords think it’s bad news. 30% of landlords said they were planning to add new properties to their portfolio and 20% were thinking of diversifying into other areas, such as holiday lets.

“Nearly a quarter of the landlords we surveyed said they were interested in investing in a holiday let property over the next few years. Landlords also highlighted that ‘staycations’ may increase in popularity due to Brexit, so UK holiday lets could be a wise investment,” said a representative from the Monmouth Building Society.

“Holiday lets certainly seem to be a hot trend in the landlord industry at the moment – demonstrated by the fact that they are particularly popular with newer landlords. 64 per cent of new landlords had a holiday let property in their portfolio, compared to 29 per cent of all landlords surveyed.”

Holiday Lets are a Hot Trend for Landlords

Holiday lets are certainly something worth looking into if you want to diversity. With sites like Airbnb making it extremely easy to let out properties on a short-term basis, it could turn into a money-spinner for you.

Are you pondering your future as a landlord? Tell us more in the comments below or reach out on social media.

Read More Like This:

The Worst Landlords and Tenants of 2019!

10 Best Landlord Apps for 2019/20

Experts Warn Buy to Let Market in Crisis


Related Posts

See All

Sourced Properties Weekly List to Your Email inbox The August sentiment survey by Royal Institution of Chartered Surveyors (RICS) gauging the mood of agents, showed improvement in the lettings market.

In a recent survey by Bankrate UK, a mortgage comparison service, questioned buyers about their prospective purchases in the last 6 months in the UK. 46% revealed they had their prospective property d

House prices in the UK are starting to fall after 8 years of stable growth. This is according to recent house price indices. At the moment prices are still fairly stable, but market fluctuations have

bottom of page