Landlords widen investment horizons
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by Gill Montia
Landlords are increasingly adding flats and semi-detached homes to their portfolios, according to research from Paragon.
In the lender’s latest PRS Trends survey, 16% of respondents said they expect to increase the size of their portfolio before the end of the year, with professional landlords more likely to purchase property (20%) than smaller operators in the sector (6%).
While terraced houses remain a popular option, the popularity of flats and maisonettes, semi-detached and detached homes is on the rise, with the full breakdown of landlords’ investment intentions in the final quarter of 2012 as follows:
Flats / maisonettes 58%; terraced houses 58%; semi-detached houses 30%; detached houses 21%; bungalows 9%; multi-unit blocks 9%; houses in multiple occupation 6%.
Commenting on the findings, John Heron, managing director of Paragon Mortgages, says: “It is very encouraging to see private landlords looking to invest in a wider variety of property types.
He adds: “We are starting to see higher demand for larger rented properties from families who are choosing the private rented sector because they do not want to, or cannot buy in today’s difficult economic environment.”
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