Landlords plan to increase buy-to-let investment in Liverpool and throughout the UK
Growing confidence will see landlords in Liverpool and the UK increase their investment in the private rented sector (PRS) over the next 12 months.
This is according to the latest research from Paragon Mortgages, which shows rental property owners plan to up their investment by 5.6 per cent this year.
More than four in ten (41 per cent) landlords have an increased level of optimism concerning their property portfolios. The figure rises to 43 per cent among large-scale landlords, but drops to 33 per cent for individuals who only own a small number of properties.
John Heron, managing director of Paragon Mortgages, stated: “We have seen a steady improvement in confidence among landlords over the past year as the housing recovery has gathered pace.”
“Whilst market data would suggest that we are a long way from boom territory, this optimism among landlords is key to maintaining balance in the housing market and in ensuring that renters have more choice,” he added.
Over a third (36 per cent) of the landlords in Liverpool and the UK surveyed said they think tenant demand is growing or booming, which represents an increase of two per cent on when the same question was asked at the end of last year.
Meanwhile, the number of respondents who claimed the number of renters on the market will fall has dropped by one per cent.
Some 37 per cent of landlords think tenant demand in Liverpool and the UK will increase over the second quarter of 2014, representing a five per cent rise compared to the final quarter of 2013.
To ensure the PRS continues to grow, Mr Heron said buy-to-let lenders must keep up the progress they have made over the past 12 months with “further measured and responsible development of products and criteria”.
If you are interested in purchasing apartments to rent in Liverpool City Centre and require a property management service, then please call Nicola Vaughan at our Belvoir Liverpool Central office us on 0151 231 1613 for further information and guidance.
