Nearly Half of Landlords Planning to Buy More Properties | Landbay Survey
Landbay's latest survey shows strong landlord demand, with nearly half looking to purchase more properties in the next year.
Landlord demand remains robust, with nearly half of landlords planning to purchase more properties in the next 12 months, according to a recent survey by Landbay. The survey revealed that 44% of landlords intend to buy, a significant increase from 32% at the end of last year. Despite the challenges faced by landlords, such as fluctuations in mortgage interest rates and difficulties in evicting tenants, there is still a strong appetite for expanding property portfolios.
The growing interest in buy-to-let investments is driven by the high demand for rental properties and the potential for long-term returns. Landbay, with its expanding product range, is well-positioned to support the continued growth of the buy-to-let sector. Over 60% of landlords looking to buy cited building a property portfolio as their main reason, while nearly a third mentioned an increase in the number of tenants as a motivating factor.
Most of the landlords planning to purchase additional properties are portfolio landlords, with 40% owning 11 or more properties and 42% owning between four and 10 properties. Only 19% are smaller landlords with one to three properties. Confidence levels vary across different regions, with a higher proportion of landlords in the South East expressing intentions to buy compared to those in London. Landlords in the Midlands, the East of England, and the North showed similar levels of confidence in purchasing properties.
However, not all landlords are looking to expand their portfolios, as 40% stated that they were not planning to buy any more properties. Additionally, nearly 30% mentioned that they were considering selling some of their properties in the next 12 months. Concerns about mortgage interest rates, tenant eviction challenges, and landlord taxation were cited as reasons for caution.
The survey results indicate a continued strong demand for buy-to-let investments among landlords, driven by the appeal of rental properties as a long-term investment strategy. Despite the challenges in the market, landlords remain optimistic about the potential for growth in the sector.
Nearly Half of Landlords Planning to Buy More Properties | Landbay Survey
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