LANDLORD
ER V
F
U
O
TIMES
BRATIN LE G O CE
March 2024
N
DE
D 184
3
Monthly news for landlords brought to you by:
Portfolio landlords bullish about expansion in 2024
Over a third of landlords plan to increase the size of their portfolios this year. Research from Paragon Bank has found nearly four in 10 (37%) said they intend to grow their portfolios this year. Most said they would fund it by releasing equity from other properties or using existing capital – 55% and 58% respectively. Nearly 400 UK landlords with four or more properties were quizzed
for Paragon’s new Portfolio Landlord Report 2024. According to the data, 69% of those adding property are doing so as part of a portfolio expansion strategy, 60% are driven by longterm demand for rental property. Half are doing so as part of their retirement plan. The survey also showed 61% of landlords will buy with a mortgage while 39% will buy outright. It also found 52% prefer
to buy terraced homes, 46% semi-detached homes and 26% individual flats. Overall, 36% of portfolio landlords said they would maintain their investments at current levels, with a fifth (21%) looking to reduce the size of them. Elsewhere the report found landlords are still planning to improve EPC ratings for their properties to a minimum standard of C. This is despite
M ar c h 2 0 2 4