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Are landlords expanding their portfolios?

Even with heightened inflation and interest rates, portfolio landlords (owning up to five or more properties) are still looking to expand their portfolios. Based on research taken from Shawbrook bank, Bourne Estate and Letting Agents highlight what portfolio landlords are looking for at the moment throughout this article.

According to the bank’s latest survey of over 1,000 residential landlords across the UK, an impressive 88% of landlords have reported adding to their portfolios over the last six months. With one in four (25%) planning to invest in an additional property within the next year, a further one in five (22%) contemplating purchasing multiple properties.

However, landlords who own between one and four rental properties are less likely to purchase more, with 58% having added to their portfolios in the same six-month timeframe.

Research shows that 39% of landlords who are looking to add at least one additional property into their portfolios are looking to purchase in a new location. 37% are actively looking into different types of residential properties.

Shawbrook’s research indicates that 26% of portfolio Landlords are looking at student housing, whereas 21% are looking into the retirement housing market.

Those looking into diversifying their portfolios are doing it for different reasons; 33% of Landlords said they were doing so to keep up with tenant demand, whereas 28% said they were prioritising properties that are energy efficient.

Additionally, within the 88% wanting to add at least one property to their portfolio, over a third (36%) want to take advantage of the good deals on the market at the moment. This is shown through the 35% who already have capital ready to invest.

Emma Cox, managing director of Real Estate at Shawbrook, said: “Whilst the property market remains challenging, it’s encouraging to see professional landlords continuing to invest and seek opportunities to diversify.

“Our research has shown that a significant number of landlords have taken proactive steps to expand their portfolios, while responding to demand to add quality, energy efficient rental stock to the market for renters.”

Here are our thoughts from Bourne Estate Agents; “2023 has been a challenge for a lot of landlords throughout the country, the Renter Reform Bill had created challenges and the EPC regulation changes seemed to cause concern within the investment world. Since the governments, correct, decision to put the EPC revisions on pause for the time being we have seen greater numbers of landlords retain and expand their portfolios.”

“The Renters Reform Bill should not worry our clients at Bourne, as our landlords are compliant and carry out the works requirement to keep them within legislation especially when we manage them for landlords. This is the best time to pass on the ever-growing legislation changes to us to manage on our client’s behalf. With rental price’s strong and competitive fees within the industry whilst delivering excellent customer service Bourne Estate Agents are in the perfect position to help protect and indeed grow your portfolios”

If you have any questions surrounding your portfolio or you are looking for some property management advice, please feel free to contact one of our expert agents here at Bourne.

Sourced from: Property Industry Eye

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