According to the latest report by specialist lender, Shawbrook Bank, 34% of landlords surveyed plan to buy additional property in the next twelve months, with a further 13% of landlords looking to purchase property in a brand-new location.
Investor confidence in the UK property market remains high as we continue into 2022 as a third of landlords surveyed plan to expand their portfolio within the next 12 months, according to Shawbrook Bank. Despite world markets ceasing operation and major industries continuing to struggle to recover from the Covid-19 pandemic, the UK property market has continued to increase in value and house prices have risen by over 10% in the last year alone, remaining at record levels and encouraging investment from landlords with the prospect of high rental yields.
“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.”
Emma Cox, Sales Director at Shawbrook Bank.
Of the 34% of landlords planning on buying a property this year, 14% stated that they aimed to buy more properties than they had initially planned, expanding their portfolio beyond expectation, further indicating the investor confidence and trust in the market. Although house prices are already at an all-time high, there is confidence that this level of growth will continue to rise over the coming year, with 67% of landlords surveyed stating that they have confidence in the market throughout this period.
Renowned for providing the highest rental yields and most stable investment assets, the North of England also proved popular amongst those surveyed, with 23% of landlords looking to purchase property in the northern regions.
To learn more about the resilience and stability of the UK property market and capitalise on the growing demand in the industry, get in touch with one of our expert consultants today.