Despite the political and economic uncertainty, SafeDeposits Scotland has found that the vast majority of landlords north of the border remain confident in the PRS.
The not-for-profit tenancy deposit protection scheme surveyed its landlord members last month and found that 88.57% could see themselves continuing as a landlord ‘for the foreseeable future’.
Some recent reports have suggested that buy-to-let landlords are leaving the market in droves, but SafeDeposits Scotland’s survey found that seven out of 10 landlords - 69.81% - have not considered and have no intentions of selling their rental property within the next 12 months.
What’s more, 90% of those surveyed had rented their properties for three or more years.
More than two thirds (70%) of respondents do not consider themselves to be full-time landlords, using the income from their private tenancies to supplement wages or using rent money to cover mortgage costs.
Ian Potter, chairman at SafeDeposits Scotland, commented: “Despite uncertainty in the economy, Scottish landlords remain committed to providing much-needed accommodation in the private rented sector.
“Landlords’ confidence in the Scottish private rented sector is well-placed as it continues to grow. There’s a balance to be struck between supply and demand and currently the Scottish market seems to be in relative equilibrium.
“Organisations like SafeDeposits Scotland help make the private rented sector a more attractive prospect for tenants and landlords alike, by providing an impartial, government-backed protection service.”
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