Landlords expect growth in property portfolios

by Sarah Ashcroft

Optimism is starting to be restored among many landlords, as almost a quarter believe they will expand their property portfolios at some point next year.

Paragon research shows that 30 per cent of professional landlords are positive about the future, compared with 15 per cent of those operating on a smaller scale.

Figures also show that some landlords may have issued tenants with a rent increase notice, as 29 per cent revealed they had raised their income during the second quarter of the year.

Nigel Terrington, Paragon Group chief executive, commented: "Our report emphasises the fact that there is significantly more optimism amongst landlords in the private-rented sector and the buy to let market, and that looks likely to increase during the coming quarters."

Additional statistics show that more than half of landlords seeking to expand their property portfolios are hoping to invest in terraced housing for their next purchase.

  • Manage your buy-to-let portfolio with Property Portfolio Software: helps landlords track rental arrears, increase cash flow, pinpoint poor performing properties and much, much more...

Published on: August 10, 2011

Did you like this article? Share it!

Property Management Software

Property management software advert

One-touch property accounts for tracking cash flow and rental payments, plus software for generating tenancy forms.

Read More