Almost four in 10 (38 per cent) landlords would like to expand their property portfolio in the next 12 months, research from Lendlord has revealed.
The research, a survey which polled over 200 landlords, found 20 per cent of respondents intend to renovate their properties in the next 12 months, while 42 per cent plan to concentrate their efforts on renting out their existing properties.
Lendlord co-founder and CEO, Aviram Shahar, said: “Despite the wide range of challenges investors are currently facing, there remains a strong appetite among landlords to grow and invest in their portfolios over the next 12 months.
“There is currently high demand for rental property, which alongside the potential for both capital appreciation and steady income growth, continues to make buy-to-let investments appealing in the long run."
As a result of this market growth and evolution, Shahar said Lendlord users are “well-positioned to seize opportunities and manage challenges”.
Lendlord also looked at the challenges expected, with market fluctuations emerging as the top concern - mentioned by 42 per cent of those surveyed.
This was followed by worries about keeping up-to-date with regulatory changes (38 per cent) and concerns about property maintenance management (20 per cent).
Looking beyond 2024, the overwhelming majority of respondents (82 per cent) expressed a desire to continue growing and expanding their property portfolios.
Meanwhile, just over one in 10 (13 per cent) aimed to focus on managing and building on their existing portfolio, with only 5 per cent prioritising achieving a steady passive income.
tom.dunstan@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
