Research by a prominent letting agency chain suggests that despite the onslaught of red tape thrown at landlords, almost half are seeking to grow their portfolios.
Analysis of 4,000 landlords’ activities by Martin & Co shows that 44 per cent own more than one rental property - of this group, 40 per cent intend to expand their portfolio, and their determination has not been dampened by the planned restriction on tax breaks.
A third of the multi-property owners had at least one property that is more than 100 miles away from their home base.
The research consultancy Dataloft, conducting the analysis for the agency, also compared returns from buy to let investment with income from a pension annuity.
In six out of nine regions outside of London, rental income from buy to let far exceeded the annuity income. In the Thames Valley, West England and South Wales region, annual rent could be as much as 25% higher than the income from an equivalent annuity.