Landlords have built up their portfolios to an average of 13 properties in the last few months – and are planning to acquire more next year.
Research carried out by BDRC Continental and commissioned by Paragon Mortgages has revealed that landlords are feeling increasingly positive about the prospects for the private rented sector.
More than one-fifth (22%) of the landlords that took part in the survey said they expect to purchase additional properties in the next 12 months, with just 8% considering reducing their stock.
The average portfolio size in Q2 2011 was 12, but this climbed to 13 in Q3.
When asked about their current portfolios, the most popular property type that landlords own are terrace houses, with 65% of landlords owning at least one. This was followed by 58% of landlords owning a flat, 48% a semi-detached house and 24% an HMO.
The research also highlighted that landlords are more positive about being a landlord, with 77% agreeing to this statement and 57% rating the prospects for the PRS in the next 12 months as very good or good.
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Landlords plan property buying spree in New Year
Says Who? Wishfull thinking.