Seven in 10 (69%) of landlords have already or are planning to increase the size of their property portfolio, revealed the latest OSB Group research.
The firm’s second instalment of the Landlord Leaders study, which surveyed 1,000 UK landlords, also showed that 42% of property investors are optimistic about their future in the PRS.
In addition, more than two-thirds (66%) are investing or planning to invest in order to stay ahead of legislative changes, 58% have or plan to employ more staff, and 68% are spending more time thinking about the tenant experience.
The latest report also highlighted the on-going professionalisation of the PRS, with 65% of respondents stating they are considering or have already transitioned to becoming limited companies or incorporated entities.
Landlords have also showcased their intentions to improve their relationship with tenants — 75% of respondents said they plan to, or are already engaging with tenants to understand their needs better and foster positive relationships.
A quarter of survey participants have also expressed their desire to positively impact tenants’ lives for the future.
"Landlords play a critical role in society, and this research clearly demonstrates that they are optimistic and committed to the future of the sector,” said Jon Hall, group managing director for mortgages and savings at OSB Group (pictured above).
“The actions landlords are taking, such as future financial planning, investing in the growth of their businesses, and building better tenant relationships, are a clear sign of their drive to improve the PRS for the long-term despite the many headwinds — we hope to see this continue over the next 12 months and longer.”
