Experience Invest research shows landlords in positive mood
- 28 Mar 2019
- In the press
Regardless of concerns about Brexit and other potential economic headwinds in the UK, many landlords feel confident about expanding their property portfolios this year.
That’s according to an Experience Invest survey of 500 buy-to-let property owners, 39 per cent of whom had plans to take on more investments in 2019.
In comparison, only 11 per cent were expecting to reduce their holdings. More than a third (35 per cent) of the remaining respondents said they intended to neither buy nor sell property, while 15 per cent were thinking about selling off some assets to free up funds for other investments.
As far as investment destinations are concerned, London topped the list, with 35 per cent of real estate investors planning to buy there, but Manchester (33 per cent) was a close second. The north of England was generally well represented in the top ten, with Liverpool, Leeds and Newcastle all featuring.
Here’s the top ten in full:
1. London (35 per cent)
2. Manchester (33 per cent)
3. Liverpool (25 per cent)
4. Nottingham (15 per cent)
5. Bristol (14 per cent)
6. Leeds (13 per cent)
=7. Birmingham (12 per cent)/Newcastle (12 per cent)
9. Luton (11 per cent)
=10. Sheffield (8 per cent)/Edinburgh (8 per cent)/Glasgow (8 per cent)
In an opinion piece published on both the Yahoo! Finance and Motley Fool websites responding to the Experience Invest research, financial reporter Royston Wild said he could see why many landlords would be feeling upbeat at the moment, with strong demand for rental accommodation pushing rents steadily higher.
While there are still many questions to be answered around Brexit and what it could mean for the UK economy, the research shows many buy-to-let investors still view property as a reliable asset that will continue to deliver steady returns in the coming years.