A relatively optimistic sentiment survey of landlords suggests many remain upbeat about the prospects for the sector.
According to the Shawbrook Bank survey a third of landlords plan to expand their portfolio in the next 12 months, buying at least one one more property.
Of those, 14 per cent say they aim to buy more properties than they had initially planned, showing trust in the market moving forwards.
Some 13 per cent of landlords plan to buy properties in a new location, and of those just over a third are planning to buy in urban locations, while 30 per cent are considering more rural locations.
The north of England is proving particularly popular as 23 per cent of those landlords intending to extend their portfolio, are planning to buy in northern regions.
The race for space continues with some 12 per cent of landlords say they are now looking to buy a different type of property with semi-detached houses (34 per cent) and terraced houses (31 per cent) being the two most popular options.
Emma Cox, sales director at Shawbrook Bank, comments: “The resilience of the UK property market is clear from our research. Despite the hurdles caused by the pandemic, the market has stood firm and house prices have continued to soar in price.
“This has created attractive opportunities for investors and property developers, whose confidence in the market has grown over the last 12 months. Their buying activity and trends show that the market is likely to remain strong over the short term.
“Indeed, with 2021 announced as the ‘busiest year’ for the housing market according to Zoopla, despite recent falls in transactions, it’s clear that the market has fully rebounded from the lows of the pandemic.
“As supply continues to be low, it’s unlikely that we’ll see house price growth slow significantly and as we move into January next year following the seasonal slowdown over Christmas, property investors will be seeking further opportunities to expand their portfolios.”
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