More for less as number of landlords diminishes
LANDLORD numbers have been shrinking but those who are still operating are expanding the number of properties they own, research suggests.
Lettings network Countrywide said the number of landlords has fallen over the last two years, despite a rise in supply of homes available to rent.
It said fewer landlords combined with more rental properties means the size of the average landlord’s portfolio is the biggest since its records started in 2005.
The average landlord owned 1.44 rented homes in 2017, up from 1.33 in 2015 and a low of 1.24 in 2010, Countrywide said.
It estimates that the number of landlords across Britain peaked at 3.72 million in 2015, compared with 3.56 million in 2017.
But it also calculates that the number of rented homes has increased, from 4.9 million in 2015 to 5.1 million now.
In 2015, 80 per cent of landlords only owned one property, but by 2017 that
Despite expanding portfolio sizes, 73 per cent of landlords own one home Johnny Morris