News
Landlords are planning to expand portfolios in 2022
Sunday 5th December 2021
Ryan Bambridge
A third (34%) of landlords are planning to buy at least one property within the next 12 months, Shawbrook's Changing Face of Buy-to-Let Report found.
Over two-thirds (67%) have confidence in the market over the next 12 months.
The research was undertaken before the rise of the Omicron coronavirus strain.
Emma Cox, sales director at Shawbrook Bank, said: "The resilience of the UK property market is clear from our research. Despite the hurdles caused by the pandemic, the market has stood firm and house prices have continued to soar in price.
"This has created attractive opportunities for investors and property developers, whose confidence in the market has grown over the last 12 months. Their buying activity and trends show that the market is likely to remain strong over the short term.
"Indeed, with 2021 announced as the "busiest year" for the housing market according to Zoopla, despite recent falls in transactions, it's clear that the market has fully rebounded from the lows of the pandemic.
"As supply continues to be low, it's unlikely that we'll see house price growth slow significantly and as we move into January next year following the seasonal slowdown over Christmas, property investors will be seeking further opportunities to expand their portfolios."
Some 13% of landlords plan to buy properties in a new location, of which 36% are looking to buy in urban areas, with 30% looking rurally.