Landlords are feeling the squeeze with inflation and recession fears

Landlords in the UK are facing a variety of challenges, with a new survey revealing worries about inflation, the cost-of-living crisis, and a potential property market downturn, a survey has found.

The research from property finance broker Finbri, found that 85% of landlords are worried about inflation, while 77% are concerned about the cost-of-living crisis.

These anxieties are compounded by fears of rising borrowing costs (69%) and the looming threat of a recession (70%).

Despite these challenges, 60% of landlords are considering rent reductions this year – and 43% did not raise rents last year.

‘Growing tension and anxiety amongst landlords’

Georgia Galloway, a property expert at Finbri, Georgia Galloway, said, “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, and we think it suggests a positive future for property ownership in 2024.”

Concerns about property market stability

The survey also highlights concerns about property market stability, with more than 60% of landlords expressing unease about its current direction and 56% wary of diminishing investment opportunities.

However, amidst the economic uncertainty, 60% of landlords said they are considering rent reductions.

And an impressive 93% of landlords say they are happy with their tenants.

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