Property management platform lettingaproperty.com has revealed in a survey that 78% of respondents planning to maintain or grow their property portfolios over the next 12-24 months, despite varied predictions for the housing market, interest rates and the broader economy.
The London and Southeast regions are landlords’ top investment targets, highlighting their confidence in the capital and mirroring lettingaproperty.com’s own success in these areas — achieved partly thanks to the company’s extremely cost-effective pricing model, particularly for higher rental amounts.
Portfolio landlords also reported the most important factors when choosing a letting agent, as part of the lettingaproperty.com survey.
53% of respondents said customer service and support was their number one priority, followed by guaranteed rent payments, then reducing time and hassle.
Amongst additional services and benefits offered by letting agents, 94% of portfolio landlords said dedicated property management was most important to them, followed by portfolio reviews and health checks and volume pricing discounts.
Jonathan Daines, CEO at lettingaproperty.com, “It’s very encouraging to see our portfolio landlords entering 2024 with positivity, with a large majority looking to maintain or add to their property portfolios.
“Amid some economic uncertainty and with the Renters (Reform) Bill looming, this is still a landlords’ market, with stock scarcity continuing to drive high rental values and yields.”
