Some 42% intend to purchase additional property in the next 12 months, the latest Landbay quarterly landlord survey has revealed.
Despite ongoing pressures on landlords, 79% of those intending to buy said they do not plan to sell any of their existing properties. The strongest intention came from landlords with larger portfolios, with half of all landlords with 11 or more properties planning to expand.
One out of five (21%) said they do not know if they will buy more property, with most of those planning to wait and see what happens in the market.
Meanwhile, many of the 37% not intending to buy said they are content with their existing portfolio. In fact, 64% of those landlords do not intend to sell any either.
Paul Brett, Landbay’s managing director of intermediaries, said: “Rather than a ‘mass exodus’, this latest data shows a real statement of intent among landlords to not only maintain their existing portfolios but to expand. This is hugely encouraging given the myriad of challenges facing landlords and the wider buy-to-let sector.
“Landlords will be encouraged by the news of rates trickling down recently. With the new year bringing lots of positive indicators for the year, plus strong rental yields still reported by many respondents, landlords clearly have the confidence to push ahead with expansion plans.”
Yet another “waste of time” survey that completely contradicts the last survey… which contradicts the one before that…. which tells us nothing… I suppose the good news is that these surveys keep some people in a job!
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In my experience it’s a mix. There are long standing Landlords that are now selling up, but new ones are appearing slowly. There’s a vast shortage of rental stock – well done Shelter.
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What a nonsense. You need to look at the market as a whole. There will be some wanting to stay in the market and some may want to add to their portfolio so naturally they are unlikely to sell existing stock. Must have been to the Shelter school of statistics! Not a meaniful report in anyway. Perhaps the noddy school of reporting?
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There has been a drop of 25% in available rentals since 2019. That sounds like a mass exodus!
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Spare us from “experts” If this survey is correct there will soon be plenty of low rental properties for anybody who wants one. Not that they will need them as the price crash predicted by other experts will mean that there will be no need for the PRS as everybody will be able to buy a house. Housing crisis solves itself, hurrah!
On a more serious note don’t forget who commissioned the survey. Landbay are a BTL loan facilitator they have a vested interest in talking the BTL sector up. If you ask the right questions of the right people it’s easy to get the survey results you want.
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This is irresponsible reporting – my agency doesn’t have a landlord with 11 properties which was the most likely landlord to increase their portfolio in the survey. We have though in the last 7 days completed sales on two of our rental stock, valued three more for the purpose of selling them and served notice to a tenant where the landlord is moving back in. That is the reality of the mind set of the majority of landlords not the minority with 11+ units
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