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Landlord confidence falls for first time since 2008
02/09/10
Edited by Bob Witham.Confidence among residential property landlords fell for the first time in almost two years during the second quarter of 2010, according to a new survey.
The National Landlords Association's (NLA) Optimism Index, which is compiled in cooperation with BDRC Continental, fell from 51 points in January to March to 47 points for April to June.
Confidence had been dented by the increase in capital gains tax from 18 per cent to 28 per cent for higher rate taxpayers announced in June, the NLA said.
There was also concern that government cuts to the Local Housing Allowance could lead to a rise in rent arrears.
NLA policy manager Chris Norris said: "Despite gains over the past two years, landlord optimism has dropped from the first quarter of 2010 as landlords consider tax changes announced in the emergency Budget and they hear talk of a double-dip recession."
Nevertheless, more than half (54 per cent) of landlords said their prospects for the third quarter were either good or very good.
