Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Landlord Income Hits Record High of £89,000, Survey Finds
Landlord income has reached a record average of £89,000, according to the latest Landlord Trends research from Pegasus Insight. This figure is £16,000 higher than a year ago, with average incomes rising by £14,000 in the last quarter alone.
The research attributes this increase to strong tenant demand, long tenancy lengths, and high levels of tenant satisfaction. After a brief dip in the final quarter of last year, landlord incomes rebounded sharply during the three months to March and are now more than one-fifth higher than they were 12 months ago.
Pegasus Insight’s Tenant Trends research also found that tenants remain settled and generally positive about their renting experience. The average tenant has rented for around eight years and has spent more than five years in their current property. Two-thirds of tenants intend to remain in their current home when their tenancy agreement ends, and more than two-thirds described their recent rental experience as positive. Overall, 76% of tenants said they are satisfied with the service provided by their landlord or letting agent.
The findings suggest that landlord income growth is being supported not just by rent increases, but also by strong occupancy levels, low tenant turnover, and sustained demand for rental accommodation. Alongside the rise in rental income, the average landlord portfolio is now valued at £1.69 million.
These trends are relevant for UK letting agents and inventory clerks, as they highlight the importance of tenant satisfaction and long-term tenancies in supporting stable rental income and reducing turnover-related costs.
Source: Mortgage Solutions