Will the property market remain resilient despite economic challenges?
The combination of high tenant demand, rising house prices and a strong employment market led to increasing the positive outlooks of many landlords across the UK.
While predictions generally mark a slowdown in the drastic growth we have seen recently, the sector shows no signs of losing strength.
This is echoed in a new survey published by Handelsbanken, which found that 86% of the 120 portfolio landlords surveyed expect demand to increase in the year ahead.
These landlords plan to either retain their current property portfolio or add to it, further showing the optimism felt by property investors in the housing market post-pandemic. Some said they would keep it the same but improve the quality.
Landlords went through a tough period following the COVID-19 pandemic, with residential property transactions falling by more than half but the sector has survived and is now looking forward despite the threats of the cost-of-living crisis, inflation, rising interest rates, and global and political unease.
Studies have shown that the effects of these challenges cannot be ignored and are likely to have some impact on the housing market despite its resilience.
Do you agree that it was a wise move for the landlords to add and retain property portfolios while in an economic crisis?
Let me know your thoughts.
