top of page
  • Writer's pictureThe Cedar Crest Team

Landlords eyeing portfolio expansion

New report highlights regional disparities in rental affordability


 


 

A recent survey has revealed intriguing insights into landlords’ plans across England and Wales. According to the findings, approximately 60% of landlords are considering expanding their portfolios within the next two years. Interestingly, terraced properties are the most sought after choice for investment, with 70% of the respondents expressing their intention to acquire this property type.


 

ROBUST EXPANSION PLANS


Despite the robust expansion plans, there is a preference for familiar territories among the landlords. The survey found that only 21% of those planning to invest in the next two years are considering buying in a new area.


The survey collated responses from over 2,000 landlords and was conducted to coincide with the release of the new interactive Annual Index Report. This report provides an extensive overview of rental details in England and Wales for 2022.


 

HIGHLIGHTS REGIONAL DISPARITIES


The 2022 report highlights regional disparities in rental affordability. Yorkshire and Humberside emerged as the most affordable region for renting property, with average monthly rents reaching £614 by the end of the year – a 5.5% increase from 2021. On the other hand, excluding London, the South East was deemed the least affordable region for renters, with average rents hitting £1,015 per month – a rise of 5.52% compared to the previous year.


 

PURCHASING INTENTIONS OF LANDLORDS


Rental costs in the capital also witnessed a significant surge, increasing by 11.52% in the same period, taking the average rent to £1,541 per month. The survey helps gain insight into the purchasing intentions of landlords across England and Wales. It’s interesting to note that most landlords who intend to increase their portfolios are considering doing so over the next two years.


 

CURRENT STATE OF RENTAL AFFORDABILITY


Financial pressures on landlords may mean they look further afield to buy property to suit their budgets and to find the best rental yields. These findings provide a comprehensive snapshot of landlords’ intentions and the current state of rental affordability across different regions. With landlords keen on expanding their portfolios, watching how these trends develop in the coming years will be interesting.


 

>> TIME TO TALK TO THE PROFESSIONALS ABOUT YOUR FUNDING NEEDS?<<

Whether it’s your first time applying for a mortgage or whether you already own properties, our experienced team is here to help you.


To find out more:



Cedar Crest Ltd – telephone UK T: +44 (0) 203 883 1017,

HK T: +852 6645 4462 – email info@cedar-crest.co.uk


Your home may be repossessed if you do not keep up with repayments.

4 views0 comments

Comments


bottom of page