Increasing number of large-scale landlords as buy to let amateurs quit – The Property Chronicle
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Increasing number of large-scale landlords as buy to let amateurs quit

The Agent

A new survey by one of the sector’s most respected lenders, Paragon, suggests large scale landlords are now a bigger force in the buy to let sector following the exit of some small amateur landlords.

Paragon’s survey is small – just 200 landlords – but it shows that larger operators in the rental sector now have an average of 13.1 properties in their portfolio, up from 12.8 three months ago.

Underlying these headline figures, landlords with between 11 and 20 properties have grown as a proportion of the survey population from 14 to 18 per cent. 

As a result, average portfolio values are getting higher – rising from £1.68m in Q1 2019 to £1.76m this time round.

According to Paragon’s latest survey, larger scale landlords are nearly three times as likely (11 per cent) to be considering a property purchase in the next quarter than their smaller scale counterparts (just four per cent).

Interestingly, there has been a sharp increase in those considering buying HMO property up from just one in 20 to one in five.






The Agent

About Graham Norwood

Graham is the editor of Estate Agent Today and Letting Agent Today, Graham can be found tweeting all things property @PropertyJourn

Articles by Graham Norwood

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