Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Landlords Hold Portfolios as Rental Yields Rise, Agency Reports
Landlords are increasingly holding portfolios rather than selling, despite the changes the PRS market has undergone this year. That is the conclusion from Virelle Group, a boutique estate agency specialising in new build rentals, property management and sales across London, Manchester and Birmingham.
The agency, which has just celebrated its first anniversary, reports that landlords are defying challenges and holding onto their portfolios. The finding suggests a shift in landlord behaviour after a year of significant change in the private rented sector.
For letting agents and inventory clerks, the reported trend points to a potential stabilisation of managed stock in the months ahead, though the source material does not quantify the scale of the change or provide figures on portfolio sizes, yields or transaction volumes.
Virelle Group operates across three English cities — London, Manchester and Birmingham — covering new build rentals, property management and sales. Its first anniversary provides the context for the agency's assessment of current market conditions.
The source report does not include named commentary, specific statistics or percentage figures to support the conclusion. The claim should therefore be treated as the agency's own market observation rather than a sector-wide data finding.
Agents and inventory professionals may wish to monitor whether the reported reluctance to sell is reflected in their own instructions and managed portfolios, given the compliance and cost pressures that have shaped the PRS this year. Further detail is available in the original report.
Source: Letting Agent Today