Four in ten buy-to-let landlords are planning to expand their portfolio this year, according to new research.
With buy-to-let continuing to deliver solid returns which outstrip many other asset classes, a fresh report by Experience Invest shows that 39% of buy-to-let landlords are planning to add to their portfolio this year, compared to 11% who intend to reduce theirs.
The survey of more than 500 buy-to-let landlords also shows that London, Manchester and Liverpool rank as the popular cities for buy-to-let investment in the UK.
In terms of the most popular cities, London (35%) just beat Manchester (33%) to take the top spot.
Liverpool (25%) and Nottingham (15%) came in third and fourth, followed by Bristol and Leeds, at 14% and 13%.
The rest of the top ten consisted of Birmingham and Newcastle (both 12%), Luton (11%), and a four-way tie between Brighton, Edinburgh, Glasgow and Sheffield (all 8%).
When looking at the types of property that investors were considering investing in this year, houses (67%) were the most popular, followed by flats (54%).
New-build residential properties also look set to receive a lot of attention, with 39% of respondents keen to invest in this area, as do student accommodation properties (24%).
Commercial (34%) and semi-commercial (21%) property were the other leading asset types among UK property investors.
Jerald Solis, business development and acquisitions director at Experience Invest, said: “In light of tighter tax regulations on landlords and on-going Brexit uncertainty, there have been some doom and gloom predictions about the future of the UK property market. But today’s research shows that, as an investment asset, real estate is still hugely popular, with a significant number of property investors looking to grow their portfolio further in 2019.
“It’s interesting to see that, while London remains the most popular location for property investment, other regions across the UK are very close behind. In particular, the North West has established itself as something of a ‘hotspot’ for buy-to-let investors, with cities like Liverpool and Manchester providing strong rental yields and healthy capital growth.”