Despite being faced with uncertainty as the UK prepares to leave the EU, landlords and property investors are broadly confident about the prospects for the property market according to Shawbrook Bank’s Client Barometer.
The survey, which focuses on the outlook for 2017 from property professionals and the expectations they have for their own investments, found that 4 out of 5 landlords (81%) feel confident that their property portfolios will perform well over the course of 2017.
On top of this, the research reveals that confidence in the lending environment has gone up since just after the Referendum result last year, with 60% of property investors stating they feel confident about the lending environment during the course of 2017, compared to 58% in July 2016.
Helping to boost this optimistic outlook, investors revealed that tenant demand remains strong with nearly one out of three (30%) landlords seeing a rise in renters when comparing the first half of 2016 to the second. As well as this, half (50%) also saw increasing rental income over the last year.