Anxiety over financial issues plague landlords
A new survey reveals what it calls “the deep-rooted concerns” of landlords with inflation and the Cost of Living Crisis coming out on top.
Conducted by property finance broker Finbri the survey shows 85% of landlords have expressed concerns over rising inflation, while 77% are wary over the more general cost of living crisis.
Energy price worries affect 74% of landlords.
They are also anxious over mortgage costs – an issue for 69% – while just three per c et are optimistic about the economy.
Some 60% are pessimistic about the property market’s overall direction.
And 43% of respondents didn’t increase their rents in 2023, despite one in four having non-payment issues, with a high 93% of landlords happy with their tenants.
A Finbri spokesperson says: “Our survey reflects the growing tension and anxiety amongst landlords and property owners as they grapple with the financial crisis and a property market that is teetering on the edge.
“However, despite the challenges landlords are currently facing, there is a clear trend towards fostering positive, long-term relationships with tenants despite this.”
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