LANDLORDS FEELING POSITIVE ABOUT THE RENTAL SECTOR
Research by Paragon shows that landlords are feeling upbeat about the prospects for the private rental sector next year and those landlords will be looking to invest in more properties over the coming months.
The survey revealed that over the next 12 months; more than a fifth of landlords surveyed expect to purchase additional properties during 2012.
Only a small number are considering reducing their portfolio. The average portfolio size for a landlord in the earlier part of the year was 12 properties, which has climbed to 13 during the latter part of the year.
When asked about the properties owned, 58% owned a flat, 48% owned a semi-detached house and 24% a house of multiple occupancy. However, the most popular property type owned were terraced houses, with 65% of landlords owning at least one.
The study also showed that more than half of landlords are feeling more positive about being a landlord and 55% rating the prospects for the private rental sector in the next year good or very good.
Managing director John Heron of Paragon said “This is an interesting time for the private rented sector as landlords are experiencing very high levels of tenant demand as other areas of the housing market are comeing under increasing strain.
“Looking at the year ahead, I am pleased to see that landlords are expecting to add to their portfolios as there is no sign that tenant demand is going to slow in 2012.
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