Key Findings:
– 27% of landlords plan to buy more properties in the next year, despite the stamp duty hike.
– Among these eager buyers:
– 31% manage between 4 and 10 properties.
– 31% oversee portfolios of 11 to 20 properties.
– 77% of these landlords use a limited company structure to manage their property ownership.
Landlords Still Keen to Grow:
– Rob Stanton, Landbay’s sales and distribution director, said:
– Despite changes to stamp duty, many landlords are still looking to grow their portfolios.
– Some landlords are focusing on their current holdings, but many remain active and are taking advantage of investment opportunities.
– House prices have generally stayed strong, though not everywhere in the country.
– Landlords are working with local brokers to find opportunities and are factoring the stamp duty increase into their negotiations.
Motivations and Regional Trends:
– Reasons landlords want to expand:
– 56% aim to grow their property portfolios.
– 19% see rising tenant demand.
– 13% expect house prices to rise.
– Uncertainty and caution:
– 23% of landlords are unsure of their next move.
– 50% plan to hold off on further purchases for now.
– Regional interest:
– London landlords lead the charge, with 34% considering new purchases in the next year.
– In the North West, one in five landlords are thinking about expanding their portfolios.
