NLA reports quarterly decline in landlord confidence
Date posted: 02 Sep 2010
A quarterly decline in landlord confidence has been recorded by the National Landlords Association.
Published by Tim Hill.
2010's second quarter witnessed a decrease in the confidence levels of UK landlords, it has been revealed.
The latest Landlords' Optimism Index published by the National Landlords Association (NLA) hit a level of 47 points during the three-month period.
This is said to compare to the figure of 51 points which was recorded by the same index in the first quarter.
Capital Gains Tax is one issue that may be having an impact on the mindset of landlords, with four out of ten of those polled by the NLA suggesting a forthcoming rise in this tax will negatively affect them.
The state of the economy could also be playing on the minds of property owners, the NLA's policy manager Chris Norris pointed out.
He stated: "Furthermore, cuts to Local Housing Allowance is causing concern to many landlords as it could leave their tenants struggling to pay their rent."
Separate research from the organisation recently confirmed that in the year's second quarter, one fifth of residential landlords operating in the private sector were having to deal with rental arrears.
Please contact Michaela Henson, Head of Property for further information or call 01223 225178 
Click here to email or call on 0207 382 8060.
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