But it’s difficult to predict the impact that Brexit could have on landlords, says the National Landlords Association, noting that the weakening appeal of UK investment could see prices drop or the continued lack of certainty could drive up interest in the relative stability of property, while the relative low value of the pound could result in an influx in investment from overseas. “It is likely that landlords with established, well-capitalised portfolios will fare reasonably well," says the National Landlords Association. "However, those heavily reliant on finance may find uncertain conditions more troubling.”
The prolonged Brexit process could be putting some tenants off buying a new home until there’s more certainty in the market, meaning more tenants are renting for longer. “People aren't moving as much, and they don’t think that it’s a good time to upgrade, to move onto a bigger property, or to move to a different location,” says David Gilson of College and County in Oxford. Will that impact demand for lettings if and when the UK finally leaves the EU? Only time will tell.
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