Surprising rise in proportion of landlords using a letting agent according to NLA
The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to new research from the National Landlords Association (NLA).
Over 60 per cent of landlords say they currently use a letting agent to manage their properties, a rise of seven per cent since Q4 2016.
The proportion of landlords who self-manage has seen a 10 per cent decline over the last year.
Richard Lambert, CEO at the National Landlords Association (NLA), said:
“As landlords plan ahead to compensate for the tax changes over the next few years we would expect to see the number who use an agent to slowly fall away, and for more to start considering whether they are able to manage their properties themselves.
“However, this sudden spike, which is completely out of step with recent trends, completely turns this theory on its head. The big question is whether or not it’s a blip or if it will continue to rise”.
Read the news release in full from the NLA click here.
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