A snapshot poll of 100 letting agents by RentTech platform Goodlord has revealed that a strong majority believe the current pressures facing landlords will continue to intensify through the rest of 2023.
The 100 lettings agents were taking part in a Goodlord webinar focused on how letting agents can prepare for the Renters (Reform) Bill.
When asked whether they thought the current pressures on landlords - which include rising mortgage rates and expanding regulation - would increase or decrease during the remainder of the calendar year, 70% said they believed pressures would increase.
28% said they believed pressures would remain the same. Only 2% thought pressures would ease during the rest of 2023.
Costas Frangeskou, Director of Growth at Goodlord, comments:
“Landlords are both facing an increasingly complicated set of challenges right now. Letting agents are working hard to remove friction and ease some of the pressures they’re facing but it’s clear from this market snapshot that the majority predict the situation will get worse before it gets better.
"Whilst the latest inflation figures may offer a glimmer of hope, this poll shows the urgent need for top-level Government intervention to ease pressures facing the PRS."
