UK Landlords optimistic about 2021
Despite the issues and challenges brought by the Covid-19 pandemic, 45% of UK landlords say they are optimistic about their prospects in 2021.
The survey from Property Master, however, also reveals that 29% of landlords are pessimistic about the BTL sector over the next 12 months.
The firm's chief executive, Angus Stewart, said: "For landlords, 2020 was a year of challenges.
"The resulting economic uncertainty came on the back of tax and regulatory changes in recent years that left the sector battered and saw thousands of smaller landlords throwing in the towel."
He added: "Our survey shows, however, that the buy to let sector is resilient and landlords may well be stronger as we move into 2021."
2021 will be one of two halves for landlords
Mr Stewart explained that 2021 will be one of two halves for landlords with the first half of the year being affected by the Covid-19 pandemic and effects from Brexit.
He said: "The private rented sector's fundamentals remain strong and people need a quality roof over their head which will create opportunity for landlords."
The managing director of Accommodation for Students, Simon Thompson, said: "There's no doubt that 2020 was difficult for many landlords and it is pleasing to see so many landlords being optimistic about their prospects in 2021.
"The buy to let sector remains strong with demand from tenants remaining high."
Survey that highlights landlord optimism
Another recent survey that highlights landlord optimism has also been published.
This survey reveals the areas that landlords are most likely to invest in.
It reveals that 32% of landlords are choosing the North West as their most preferred location for investment this year.
Next is the South East which is popular with 27% of landlords, followed by landlords in the West Midlands with 20%.
The survey also highlights that 81% of landlords are optimistic about their prospects in 2021 which, they say, will be a positive year for property investment with the economy recovering and various sectors returning to normal.
Landlords interested in good investment BTL areas
For those landlords interested in good investment BTL areas, then SevenCapital has also highlighted areas it believes are worth looking closely at in 2021.
The developer says that there are five regeneration areas offering good potential for investments in England.
They point to Sheffield, Birmingham, Leeds, Manchester and Slough as being good areas for investors to look at.
A director of the firm, Andy Foote, said: "Regeneration is about transforming an area that is attractive to the public to live in, work, socialise and relax.
"That includes having the infrastructure to improve connections for commuting to help attract and increase tenant demand - which is key for a successful property investment."
