A recent survey commissioned by The Property Hub, an investor forum and advice website, has reported that nearly 80% of landlords intend to increase their portfolios over the next twelve months, equating to 1.95 million investors.
The survey has highlighted some other interesting stats such as:
The figures follow recent concerns that landlords may be looking to leave the private rented sector in light of a difficult few years for investors and landlords during which we’ve seen an overhaul of the landlord tax relief system as well as increased regulation and a Stamp Duty hike.
Rob Dix, co-founder of The Property Hub, says: “There’s been so much talk of a mass exodus of landlords and the death of buy to let, it’s easy for some would-be landlords or, indeed, tenants, to believe the rental market is on its knees. However, it’s clear from our survey that landlords are far from retreating from the market.
Taken as a whole, the results of our survey show that the caricature of landlords fleeing the sector when the going gets tough isn’t in line with reality. Most landlords are in it for the long term and have sound business plans – they don’t view property as a get-rich-quick scheme.
The Armageddon-style headlines in much of the press over the last two years in no way reflect the way landlords are feeling. Buy to let is far from dead. Are investors operating in a new landscape? Certainly. Is it one they’re unable to navigate successfully? Absolutely not.”
Redbrick Properties was established back in 2002 and since then has gone from strength to strength building up a fine portfolio of residential properties along the way.
We could never be accused of being a faceless agency as both Mark and I still work front-line in the office along side our experienced and capable staff.