The latest research from Paragon has found that a third of landlords are less likely to buy property if three-year tenancies are made compulsory under new government proposals.
According to the report, 32% say they would be less likely to expand their portfolio further should government press ahead with compulsory or default three-year tenancies.
Paragon surveyed landlords on the issue to gain a deeper understanding of their views following the government’s recent consultation, ‘Overcoming the barriers to longer tenancies in the PRS’.
Asked if the introduction of a compulsory three-year tenancy would make them more or less likely to consider certain tenant types, the highest proportion of landlords said they would be more likely to consider older couples (36%), retired people (29%), families (25%) and older singles (25%).
Interestingly, landlords felt a compulsory three-year agreement could potentially make them less likely to consider mobile and itinerant groups, including students (45%), migrant workers (40%) and young singles (24%).