National Landlord Index shows the true extent of Covid on UK landlords
The National Landlord Index published by Accommodation.co.uk, shows the true extent of the Covid pandemic on landlords across the UK with over a third of landlords having seen a reduction in rental yield and nearly 50% having to deal with a rise in rent payment issues.
Accommodation.co.uk offers landlords an award-winning unique hybrid model, using a combination of market leading tech and on the ground agents with local knowledge and expertise. It has proven to be a winning formula for both landlords and tenants across the UK and this model means the agency can quickly learn and adapt to national trends and demands across the rental sector.
The index also highlighted that 55% of landlords aren’t looking to expand their property portfolio in the next year with 70% stating that increased government legislation has made being a landlord and owning a property portfolio a less attractive investment opportunity.
Interestingly, as recent rental data* showed the impact of Covid on urban renting with two-thirds of Londoners who moved recently leaving the capital, a third of all landlords surveyed stated that the pandemic had changed their focus on locations for new rental properties.
Aaron Short, founder and CEO at Accommodation.co.uk, added, “At Accommodation.co.uk we are always listening to our landlords and tenants to ensure our proposition reflects the needs of the market and this is why the National Landlord Index is so important. The Covid-19 pandemic has had a huge impact on the lettings market and landlords are having to adapt to new legislation and demands from tenants.
At Accommodation.co.uk we have been at the forefront of updating this archaic industry and we believe our award-winning model offers tenants and landlords the best solution in the current market.”