A relatively optimistic sentiment survey of landlords suggests many remain upbeat about the prospects for the sector after a worrying 18 months through the Lockdowns.
According to the Shawbrook Bank survey a third of landlord’s plan to expand their portfolio in the next 12 months, buying at least one more property.
Of those, 14 per cent say they aim to buy more properties than they had initially planned, showing trust in the market moving forwards.
Some 13 per cent of landlord’s plan to buy properties in a new location, and of those just over a third are planning to buy in urban locations, while 30 per cent are considering more rural locations.
The NORTH OF ENGLAND is proving particularly popular as 23 per cent of those landlords intending to extend their portfolio, are planning to buy in northern regions. And why wouldn’t they!
With such places as Sheffield, Rotherham, Barnsley and Doncaster on the top of that list
The race for space continues with some 12 per cent of landlords say they are now looking to buy a different type of property with semi-detached houses (34 per cent) and terraced houses (31 per cent) being the two most popular options.
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.
This being said, was it a surprise to hear that 2021 was announced as the ‘busiest year’ for the housing market according to Zoopla, despite recent falls in transactions, it’s clear that the market has fully rebounded from the lows of the pandemic.
If you are a landlord wanting to expand your portfolio and the North of England including Sheffield, Rotherham, Barnsley, Wakefield and Doncaster are in your plans, then lets have a chat
I work with numerous landlords who live outside their investment areas and happily use my local knowledge to help advise on good opportunities. Then if they decide to take the plunge, they have the confidence to know I am on hand for viewings, arranging trades and regular updates throughout the whole journey, then once the property is rentable I take it on, find fabulous tenants and manage on your behalf to give you a full “Hands Free” experience
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