Making repairs to toilets and the risk of tenants damaging properties are the biggest turn-offs for people thinking about becoming a landlord, a survey has found.
Over 60% of the 2,000 Brits surveyed also said that void periods would be a major concern if they were to become a landlord.
The research, commissioned by Emerging Property, found London and the West Midlands were the areas with the highest confidence in a booming property market. Meanwhile, the lowest levels of confidence were found in the North East and the East Midlands.
What’s more, 36% of respondents agreed with the statement that ‘it is extremely risky being a buy-to-let landlord.’
The poll reported student property as the most popular investment choice, with one in eight respondents saying they would enter the student market due to high yields and incentives.
Retirement property and holiday homes followed student property with 10% and 9% of the vote respectively.
Commenting on the state of the student letting market, James Harrington of Emerging Property said: “In 2014, we witnessed record university intake levels in the UK, with numbers exceeding half a million for the first time. With existing supply gaps, this is resulting in high demand and positive rental growth, which ultimately leads to improved yields and enhanced security.”
The full results of Emerging Property's survey can be viewed here.
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