465,000 LANDLORDS COULD EXPAND PORTFOLIOS IN NEXT 2 YEARS
News at Ware & Co | 28/01/2022
Nearly half a million landlords expect to expand their portfolio over the next two years.
Just over 17.5% of landlords who responded to the 2021 Landlord Trends Survey stated they expected to expand. Extrapolated to the 2.65 million landlords in the UK on record with the HMRC, this equates to 465,000 landlords.
Professional landlords were nearly twice as likely to be considering expansion as those who considered themselves so-called 'accidental' landlords. 75% of accidental landlords are set to maintain their portfolio at its current level.
Less than 1% of all landlords cited the COVID-19 pandemic as a reason to either expand or decrease their portfolio over the short term.
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Source: Dataloft, Property Academy Landlord Trends Survey 2021, HMRC