The average landlord’s portfolio size has increased from 12 in Q2 2011 to 13 in Q3. Only 8% of landlords considered reducing their stock over the next 12 months.
When asked about their current portfolios the most popular property type that landlords owned were terraced houses, with 65% owning at least one.
This was followed by 58% of landlords owning a flat, 48% a semi-detached house and 24% a House of Multiple Occupancy.
The research also said that investors were more positive about being a landlord with 77% agreeing with this statement and 57% rating the prospects for the private rental sector in the next 12 months as very good or good.
John Heron, managing director at Paragon Mortgages, said: “This is an interesting time for the private rented sector as landlords are experiencing very high levels of tenant demand as other areas of the housing market come under increasing strain.
“Looking at the year ahead, I am pleased to see that landlords are expecting to add to their portfolios as there is no sign that tenant demand is going to slow in 2012 and to ensure the private rented sector can withstand further demand, there needs to be increasing investment in rental stock.”
