Landlords have lost faith in government
A massive 94% of landlords say they have no confidence in the current government's approach to the rental market. That's based on a survey of over 500 landlords we carried out in July and August.
Not only do landlords have no confidence in the government, they also seemingly blame them for the current state of the rental market. Existing (and potential future) government policies are cited as the key issues, way ahead of rising energy costs or interest rates.
We asked this question:
"What are you worried about most in terms of the rental market?"
- Changes to government policy/taxes 81%
- Future changes to legislation/taxes 75%
- Rising energy costs 58%
- Rising interest rates 46%
- The cost of building materials 18%
- Finding tradespeople 18%
- Tenant demand 9%
The picture couldn't be much clearer. This government doesn't have the support of landlords.
So who does, and who's most likely to make a difference?
It doesn't look like there's anyone inspiring confidence at the moment. We asked which party had the best approach to the rental market. The Conservatives came out top - but with just 8% of the vote. Only 2% said Labour and 1% Lib Dem - 25% said they didn't know.
However, a whopping 63% said none of the parties has a good approach.
And it's not just landlords losing confidence. We asked renters if they had confidence in the current government's approach to housing. The reults are still coming in but, with almost 10,000 people having already responded, it's fairly clear - 94% of renters also have no confidence in the government when it comes to housing.
So if the current housing market isn't working for landlords, and it's not working for tenants either, who exactly is it working for?
Image credit - Yaopey Yong