Flats and semi-detached are landlord must-haves

Research by specialist buy-to-let lender Paragon Mortgages has revealed that adding flats and semi-detached houses to rental property portfolios, has increased in popularity amongs

Related topics:  Specialist Lending
Amy Loddington
10th September 2012
Specialist Lending cash coins increase grow money growth
-Terraced houses remain popular

-16% of landlords planning to invest

Of those landlords surveyed in the lender's quarterly PRS Trends Survey for Q3, 16% said they expect to increase the size of their portfolio in Q4. Professional landlords are more likely than their smaller-scale peers to purchase further rental property, 20% compared to 6%.

Terraced houses have remained a popular investment option. However, this quarter has seen the popularity of flats and maisonettes, semi-detached and detached houses rise to their highest level yet this year.

Types of property landlords plan to invest in during Q4:


-Flats/maisonettes - 58%

-Terraced houses - 58%

-Semi-detached houses - 30%

-Detached houses - 21%

-Bungalows - 9%

-Multi-unit blocks - 9%

-HMOs - 6%

John Heron, Managing Director of Paragon Mortgages, said:

"It is very encouraging to see private landlords looking to invest in a wider variety of property types.

This may well be in response to the fact that we are starting to see higher demand for larger rented properties from families who are choosing the private rented sector because they do not want to, or cannot buy in today's difficult economic environment.

This responsiveness of the PRS to changes in the shape of housing demand is one of the major strengths of the sector and it would be good to see policy makers work with private landlords to make more of this capability."
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.