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The outlook for the private rental market is unusually uncertain after nearly two decades of growth, according to a new report.
It suggests the future is clouded by economic uncertainty and housing preferences shifting during lockdown.
Nationwide s chief economist said: The outlook is unusually uncertain in the wake of Covid-19.
The review was carried out by Mortgage Works, the buy-to-let arm of Nationwide. As well as the enormous uncertainty surrounding the near-term path for the economy, there is also scope for the pandemic to have profound effects on the pattern of economic activity and housing demand in the years ahead, said chief economist Robert Gardner.