Larger-scale landlords now have an average of 13.1 properties in their portfolio, according to the Paragon PRS Trends Report for Q2 2019
The report tracked more than 200 seasoned landlords and revealed that this was up from the 12.8 properties recorded three months ago.
Other highlights from the survey included:
“Professional landlords with larger portfolios make up the backbone of the UK’s private rented sector and it’s encouraging to see them continue to build their property portfolios,” said John Heron, director of mortgages at Paragon (pictured above).
“However, with a heightened interest in higher-yielding property types and an increasingly prudent approach to financial management, it’s clear that landlords are proceeding cautiously as they seek to head off the twin challenge of higher tax and growing economic uncertainty.”
