A recent survey by Landbay has shed light on the increasing optimism among landlords in the rental market. This positive trend signals significant confidence in buy-to-let investments, presenting an exciting opportunity for both seasoned and prospective landlords, notes Alasdair Morrison.
Increasing buy-to-let investments
When Landbay questioned a group of property investors about their feelings and intentions, 44% expressed their plans to invest in buy-to-let property within the next 12 months. This figure is a notable increase from 32% recorded six months ago. The surge in interest is driven by several key factors that indicate a robust rental market.
Building property portfolios
More than 60% of landlords surveyed cited their desire to build a property portfolio as their primary reason for investing. This aspiration highlights the long-term confidence landlords have in the rental market's stability and profitability.
Meeting tenant demand
Another 30% of landlords pointed to the growing number of tenants seeking properties as a motivator for their investment. The demand for rental properties continues to rise, providing a lucrative opportunity for landlords to expand their holdings.
Confidence among experienced investors
Unsurprisingly, experienced property investors displayed the highest levels of confidence. Portfolio landlords, those who already own a minimum of four buy-to-let properties, were the most likely group to purchase additional properties. However, the survey also revealed that landlords with three or fewer properties remain optimistic about expanding their portfolios.
Nottinghamshire rental market insights
If you are curious about the rental market in Nottinghamshire, then the latest index from Zoopla provides some revealing insights. Over the past 12 months, the average rent in the East Midlands has grown by 8.7%, reaching an average of £860.
Above-average growth in key locations
Focusing on Alasdair Morrison Lettings' main locations, we see even more impressive growth. In Newark, the average rent increased by 8.8% over the past year. Southwell and its surrounding villages experienced an annual rise of 9.1%. These figures indicate a strong rental market, making it an opportune time for landlords to consider new investments.
Join the 44% of confident landlords in Newark and Southwell
If you are one of the 44% of current landlords in Newark and Southwell intending to make a new buy-to-let purchase, now is the perfect time to act. Contact Alasdair Morrison Lettings for professional advice and support. We can help you source a property with a healthy yield, find quality tenants, and provide comprehensive property management services.
Want to know more?
Contact our lettings team for professional advice if you're looking to build your property portfolio. Telephone 01636 670977.
