ARLA Propertymark, a professional body for letting agents, says that over 230,000 UK landlords are ‘likely’ to switch to short-term lets. They also state that 1 in 10 landlords are tempted to join investors who have already made the move.
Landlords have had a difficult couple of years with the pandemic threatening profits and reforms to everything from stamp duty to tax relief.
Reasons they want to switch:
- 50% of landlords prefer the flexibility of short-term lets offer.
- 4 in 10 landlords fear increasing regulations in the renting sector.
- 25% of them said short-term lettings offered greater profits.