Buy-to-let remains the investment of choice for many people, with a third of landlords looking to expand their portfolios in the next year, as strong housing market conditions leads to higher levels of confidence in the sector.
A third – 34% – of landlords surveyed by Shawbrook Bank said they were planning to buy at least one property within the next 12 months, while 14% said they were planning on purchasing more properties than they had initially planned.
The study also revealed that two thirds of respondents – 67% – were confident house prices would continue to increase next year, which partly explains why many are keen to continue investing in property, with the north of England proving particularly popular.
Emma Cox, sales director at Shawbrook Bank, commented: “The resilience of the UK property market is clear from our research. Despite the hurdles caused by the pandemic, the market has stood firm and house prices have continued to soar in price. This has created attractive opportunities for investors and property developers, whose confidence in the market has grown over the last 12 months. Their buying activity and trends show that the market is likely to remain strong over the short term.
“With 2021 announced as the ‘busiest year’ for the housing market according to Zoopla, despite recent falls in transactions, it’s clear that the market has rebounded from the lows of the pandemic. As supply continues to be low, it’s unlikely that we’ll see house price growth slow significantly and as we move into January next year following the seasonal slowdown over Christmas, property investors will be seeking further opportunities to expand their portfolios.”
New Year’s resolution:- stop reading about “expert” views on whether landlords will leave in droves or expand their portfolios.
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Bosky that’ll be expert views from those with something or service to sell would it? Good suggestion by the way.
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I’m getting better returns with leave and forget Vanguard and a bit of crypto for fun, slowly the tenants are being placed in charge of your hard earned
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Experts, Experts ! Only yesterday according to PIE 52% of Landlords didn’t want to invest as “Tax hikes [were] deterring investment in private rented sector” . We also had “BTL landlords could flee the market if rent controls are introduced” and “Decision to extend notice periods ‘will come as yet another blow to landlords’ and “Arrears rising among tenants ‘as the pandemic rears its head once again” Today however, despite all this “good news” and in the face of soaring property prices, a third of landlords are apparently looking to expand their portfolios in 2022! If you really want to invest I think it best to wait for re-possessions to start again, as most likely they will and then pick up a bargain.
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There is a clue in the story …. its a banks advert and from what we see is rubbish survey. 34% of what! Flip and its 66% saying no.
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