Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
The Private Rented Sector (PRS) is experiencing a trend towards increased professionalisation, with landlords now managing larger portfolios and utilising more sophisticated ownership structures. This development is also driving greater demand for specialist and portfolio lending solutions.
According to the latest Landlord Trends research from Pegasus Insight, the average landlord portfolio has grown to 7.3 properties. This figure highlights a continued shift away from small-scale, amateur buy-to-let landlords towards larger-scale, business-minded investors.
For UK letting agents and inventory clerks, these changes in the PRS may influence the types of clients and property management requirements encountered, as landlords with larger portfolios often have different needs and expectations compared to smaller, amateur landlords.
Source: Landlord Today