Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Landlords Plan Rent Rises and Further Property Purchases, Survey Finds
Rent rises are on the agenda for 83% of landlords over the next 12 months, while more than a third intend to buy another property, according to a Landbay survey. The findings come from Landbay's Q3 survey, which was sent to more than 2,000 landlords before last week's Budget.
According to Property118, 83% of landlords said rent rises are on their agenda over the next 12 months.
Alongside rent rises, more than a third of respondents intend to buy another property, suggesting continued appetite among a significant share of landlords for expanding their portfolios, even as the wider sector continues to face regulatory and tax pressures.
Among respondents planning increases, the most common approach was to raise rents, although the source excerpt does not specify the size of those planned increases or the full range of approaches landlords intend to take.
The survey was sent to more than 2,000 landlords before last week's Budget, meaning the responses reflect landlord sentiment ahead of the Chancellor's announcements rather than any reaction to them.
What This Means for Letting Agents and Inventory Clerks
For letting agents, the findings suggest that rent review conversations with landlord clients are likely to remain a central part of the year ahead, with a large majority of landlords already planning increases. Agents may also see continued portfolio expansion activity from the share of landlords intending to purchase additional properties.
For inventory clerks, any increase in property purchases by landlords could translate into more new-let inventories and check-ins if those purchases are added to rental portfolios, though the survey does not state how many of the intended purchases would be let out.
The source does not provide detail on regional variation, property types, or the specific rent increase amounts landlords are considering. The Property118 report notes only that the most common approach among those planning increases was to raise rents.
Source: Property118