Buoyant property market has impacted profits for over 50% of landlords
The National Landlord Index, published by Accommodation.co.uk, has commissioned an extensive survey of landlords across the UK to understand what trends to expect in the property market over the next 12 months. The index uncovered that the vast majority of landlords are positive about the market and nearly a fifth (18.5%) of those surveyed are planning on investing in at least one additional property over the next year.
This new data reveals how the outlook for the rental market remains very positive across the UK even though more than half (50.9%) of landlords reported a loss in profits due to the buoyant property market over the last few months. The national letting agency has seen huge growth and an influx of tenants as the country reopens and the economy recovers and this was mirrored by the survey with 86% of landlords in the UK reporting they had no loss in income due to the pandemic.
Accommodation.co.uk offers landlords an award-winning unique hybrid model, using a combination of market-leading technology and on the ground agents with local knowledge and expertise. It has proven to be a winning formula for both landlords and tenants across the UK. The flexible model means the agency can quickly learn and adapt to national trends and has helped secure contracts with some of the largest property companies in multiple sectors including build to rent, social housing and many others.
Aaron Short, founder and CEO at Accommodation.co.uk, added, “At Accommodation.co.uk it is vital we understand the current and future needs of both tenants and landlords across the letting market and this is why the National Landlord Index is so important. It is so encouraging to see so many landlords expanding their portfolios and continuing to invest in the property market.
At Accommodation.co.uk we have certainly seen the industry continue to recover and the outlook is very optimistic with so many property investors aiming to expand their portfolios. The team have been at the forefront of updating this archaic industry and we believe our award-winning model offers tenants and landlords the best solution in the current market.”