A recent study conducted by the Deposit Protection Service (DPS) has shed light on the intentions of property investors, indicating that only a small fraction of them have plans to grow their portfolios. The survey, which encompassed the responses of over 2,000 landlords, unveiled that a mere 10% of participants currently have aspirations to extend their property holdings, with 60% of this group considering doing so within the next two years.
Among those intending to make new purchases within this timeframe, 21% expressed an interest in acquiring properties in different regions from their current location. Furthermore, a staggering 70% of respondents revealed that their focus was specifically on purchasing terraced houses.
Matt Trevett, the managing director at DPS, commented on the survey’s findings, stating, “By delving into the purchasing intentions of landlords throughout England and Wales, this survey provides us with valuable insights. While the prevailing economic pressures have inevitably influenced various sectors, it is intriguing to note that the majority of landlords aiming to expand their portfolios are looking to do so within the next two years.”
Trevett emphasized the importance of their regular surveys, which provide valuable insights to customers and the broader industry. He also highlighted the significance of their extensive database of domestic private rental figures across the UK, enabling them to offer a comprehensive overview of trends in the private rental sector.
Paul Fryers, the managing director at Zephyr Homeloans, a subsidiary of the Computershare Group involved in organizing the survey, added his perspective, saying, “The financial constraints faced by landlords may prompt them to explore opportunities in distant regions, aligning with their budgetary requirements and the pursuit of optimal rental yields.” Fryers also noted the recent surge in activity across East Anglia, the North West, the South East, as well as Yorkshire and the Humber, where their buy-to-let customers have shown substantial interest in property investments.