Shawbrook Bank have surveyed more than 1,000 residential landlords and found that 88% of portfolio landlords had grown their portfolios in the past six months. See their report here.
In it they found that:
- 88% of portfolio landlords have added to their portfolios in the last 6 months
- 25% of portfolio landlords intend to invest in an additional property in the next year, with 22% looking to invest in multiple
The specialist lender contrasts the response with smaller landlords – those with between one and four rental properties – who are being more cautious, with only 58% having increased their portfolio in the past six months.
Shawbrook’s managing director of real estate, Emma Cox, said: “Whilst the property market remains challenging, it’s encouraging to see professional landlords continuing to invest and seek opportunities to diversify.
“Our research has shown that a significant number of landlords have taken proactive steps to expand their portfolios, while responding to demand to add quality, energy efficient rental stock to the market for renters.”
She added: “Astute landlords will need to keep thinking one step ahead, adapting their strategies to adjust to the rapidly changing real estate landscape.”