Research by an online letting agent has revealed some interesting Landlord expectations for the coming year.
Over half asked were aiming to buy more property in 2015, fuelled by decreasing rent arrears and the growing demand for rented homes pushing up rent prices. The research also revealed that 50% of the surveyed group achieved rental yields of between 6-8%, with 10% getting over 8% and the remainder returning 4%. These figures are bolstered by the decreasing level of home ownership, which now lies at its lowest level for a quarter of a century, inevitably creating greater demand for rented homes.
As a consequence it is perhaps no surprise that fewer landlords (about 25%) were looking at selling up part of their portfolio with the increasing sales market.
What are you planning to do next year? Don’t forget to get in touch with our experienced teams should you wish to discuss your next step or need help making up new plans! You can call us on 0844 8111090 or popping into your local branch!