Diving in at the ‘Bottom End’: The Risk Awareness and Risk Management Practices of Sub £65K Landlords
Significant growth in Scotland’s private rented sector over the last 25 years has been led by a large number of individual lay investors/landlords who each own a smattering of properties. These characteristics, which are replicated in several countries where neoliberal housing policies prevail, have...
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| Veröffentlicht in: | Critical Housing Analysis 2022, Vol.9 (2), p.1-17 |
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| creator | Watson, Andrew |
| description | Significant growth in Scotland’s private rented sector over the last 25 years has been led by a large number of individual lay investors/landlords who each own a smattering of properties. These characteristics, which are replicated in several countries where neoliberal housing policies prevail, have implications for the efficacy of PRS investments, but also for conditions and the stability of investment patterns within the sector. This study examines landlord investment risk awareness and behaviours via qualitative interviews with a small sample of Scottish landlords operating at the ‘bottom end’ of the market, which is disproportionately home to vulnerable groups and where some investment risks are believed to be more acute. The findings suggest that some landlords have relatively low levels of risk awareness, fail to adequately consider risk prior to investing in the PRS, have mixed success in selecting and implementing risk management and mitigation strategies, and incur significant risk-borne costs, which can limit returns. |
| doi_str_mv | 10.13060/23362839.2022.9.2.545 |
| format | Article |
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| ispartof | Critical Housing Analysis, 2022, Vol.9 (2), p.1-17 |
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| language | eng |
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| source | Central and Eastern European Online Library; PAIS Index; EZB-FREE-00999 freely available EZB journals; Sociological Abstracts |
| subjects | Consciousness Financial Markets Housing market Housing policy Investments Investors Lessors Neoliberalism Operating costs Policy, planning, forecast and speculation Property Rents Risk management Socio-Economic Research Welfare services |
| title | Diving in at the ‘Bottom End’: The Risk Awareness and Risk Management Practices of Sub £65K Landlords |
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