Over a third (35%) of landlords are worried think that leaving the European Union will impact their ability to secure tenants in the future, the latest National Landlords Association survey has found.
However 39% of landlords believe that Brexit will have no significant impact on their business, 21% are unsure while just 5% say it will have a positive impact.
The research follows Prime Minister Teresa May’s announcement that the process of the UK leaving the EU will be triggered by the end of March next year.
Regionally the findings show that more than half of landlords in central London (55%) believe Brexit will have a negative impact on their business, higher than any other region.
Whilst just over a fifth of landlords in the North East (22%) think Brexit will have a negative impact, the lowest proportion compared to other regions of the UK.
NLA London representative Richard Blanco said: “These findings clearly show that a significant proportion of landlords are concerned about what Brexit will mean for their lettings business so we wanted to try to understand and make sense of the situation.
“We now know that Article 50 will be triggered soon, but landlords still have lots of questions, like what will happen to rental demand as a consequence of Brexit, will house prices fall, or should I rethink my investment strategy?”