‘Exciting times ahead for UK landlords’ as investors plan to add to portfolios
With the residential property market continuing to show signs of improvement, there is renewed investor confidence in the sector, according to research from The National Landlord Investment Show.
A new study found that six in ten landlords who attend the buy-to-let exhibition are looking to add to their portfolios this year.
More than half – 54% – of the buy-to-let landlords and property investors said they are planning to invest in property for a pension, while just over a quarter of respondents – 27% – identified their children’s future as the primary reason for investing in property.
Out of the 60% of UK landlords and property investors who are looking to invest in 2020, almost three quarters – 71% – expressed a preference to invest in residential property.
An insight into the portfolios of landlords and investors attending the show revealed that three quarters – 75% – do not own their properties within a limited company.
Additionally, an increasing number of landlords and investors are showing an interest in commercial as well as residential investment opportunities with 23% stating that they also own commercial properties in their portfolio.
Tracey Hanbury, director and co-founder of The National Landlord Investment Show, said: “What this research has shown is that contrary to other opinions within the industry there are exciting times ahead for UK landlords and property professionals.
“There is no better time than now to engage and stay up to date with the UK’s buy-to-let market at our Landlord Investment Show.”