Landlords to vote conservative
According to the results of the most recent Young Index poll, a significant majority of residential landlords prefer the policies adopted by the Conservatives, over what Prime Minister Gordon Brown’s Labour Party has planned...
According to the results of the most recent Young Index poll, a significant majority of residential landlords prefer the policies adopted by the Conservatives, over what Prime Minister Gordon Brown’s Labour Party has planned. When asked which of the two main parties would benefit them the most, 84% of residential landlords indicated that they feel more comfortable with the Tories and only 13% prefer what Labour has to offer. Interestingly, only a very small minority of residential landlords and buy-to-let investors (3%) favour the approach adopted by Liberal Democrats to the private rental market. The Young Index’s results also suggest that the vast majority of landlords are looking to stay in the buy-to-let business for the near to intermediate future, with nearly every respondent adding that they will refrain from selling their properties for the next year.
The Young Index shows that 47% of all private sector residential landlords expect to keep their real estate and stay in the buy-to-let business for the next decade, while nearly one quarter (24%) anticipate another 20 years in the sector. On average, landlords in the UK will keep their properties for a period of 12 years. The vast majority of landlords (78%) also expect London’s real estate sector to continue to expand and that values will grow over the year. But landlords do seem more reserved when it comes to properties outside of the national capital; only 49% believe that values outside London will either remain at current levels or will grow over the next 12 months.