Landlords positive about prospects
RESEARCH by Paragon Mortgages reveals that landlords are feeling increasingly positive about the prospects for the private rented sector in 2012 and are looking to invest in their portfolios.
More than a fifth (22 per cent) of landlords said they expect to purchase additional properties in the next 12 months, while eight per cent are considering reducing their stock.
The average portfolio size in Q2 2011 was 12, which has climbed to 13 in Q3. The most popular property type that landlords’ owned were terraced houses, with 65 per cent of landlords owning at least one. This was followed by 58 per cent of landlords owning a flat, 48 per cent a semi-detached house and 24 per cent a House of Multiple Occupancy.