With the general election concluded and Brexit on the horizon, 2020 is set to be an interesting year. There will undoubtedly be changes which will impact landlords, and although some of the detail remains cloudy at this point, our eight offices are set to deal with the changing face of the private rental sector (PRS).
A window of certainty
Nearly four years of uncertainty caused by protracted Brexit negotiations have clearly impacted the PRS. We have seen tenants demanding far more flexibility in their contracts and prospective landlords delaying letting properties due to ‘the unknown’. As such, the conviction of the government’s plan for the UK to leave the EU on 31st January could result in moderate improvements in demand from tenants and landlords as optimism returns – assuming any post-Brexit Right to Rent issues are properly addressed. There are, of course, longer-term uncertainties which could affect the market, but we are likely to see a bounce in the first six months – make hay while the sun shines!
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Bonfire night, Guy Fawkes night, Fireworks night…however you like to refer to it, the event will be celebrated across the country over the next couple of weeks.
