UK landlord confidence 'highest since 2007'

UK landlords have reported their confidence in the real estate sector to be at its highest level since the end of 2007, it has been revealed.

According to figures released by the National Landlords Association (NLA), 57 per cent of owners believe that the coming three months will be good for their businesses.

Furthermore, 28 per cent have predicted that the property market revival will continue over the same period, representing a five per cent improvement on last year.

Commenting on the results, Chris Norris, policy manager at the NLA, said that the increased optimism was encouraging after past bad news.

"Landlords have faced considerable challenges recently. Everything from longer void periods to an increase in rental arrears have taken their toll on landlords' optimism," he said.

"Alongside a more positive outlook for their own lettings businesses, landlords are beginning to think more actively about possible acquisitions in the next quarter."

However, recent mooted proposals from the new coalition government about raises in capital gains tax could soon put an end to this confident outlook.

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