Over 80 per cent of property investors expect the buy-to-let market to grow over the next twelve months. Only one respondent expected a crash, with 91 per cent planning to expand their existing portfolios over the next year
Despite the fact 63 per cent of the investors interviewed were based in the South of England, 62 per cent believe the North of England will be the next hot spot with 16 per cent targeting Manchester or Liverpool. The reasons for this include strong existing infrastructure - roads and transport links, alongside regeneration investment.
84 per cent of landlords stated that their buy-to-let portfolios were their sole source of retirement income, with only 2 per cent citing the stock market. None of those surveyed had pension investments.
The typical landlord in the survey had two investment properties, was in their mid-thirties, southern-based and owns their own home. 51 per cent of buy-to-let properties are apartments (mostly with 2-plus bedrooms), 21 per cent terraced, 19 per cent semi-detached, while only 9 per cent are detached homes. The average purchase price is £136,000.
Nick Clark, managing director of Homebuyer Events - organisers of the Property Investor Show North, commented: “With over 90 per cent planning to expand their portfolios this year, the Northern buy-to-let market looks set to remain very buoyant.”
