1 in 4 landlords plan to expand portfolio by 2012

News Category: Industry News

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Nearly a quarter of landlords intend for their property portfolios to have grown by 2012, new research indicates.

According to a survey conducted by the NLA, 23.4 per cent of landlords want to gain more properties in the next five years.

Of those questioned, 18 per cent said that they do not expect the size of their portfolio to shrink, and almost 60 per cent think that theirs will stay the same size.

In addition, it was also found that just 2.4 per cent said that they are intending to exit the private rented sector in the same time frame.

David Salusbury, chairman of the NLA, believes that the findings indicate that the market will remain strong despite the recent credit crunch and that landlords do not feel uneasy about their investments.

He said: "The fall-out from the so-called credit crunch has dominated public attention in recent weeks, but in times of financialuncertainty people continue to need a roof over their heads.

"That landlords are committed to invest further in the private rented sector over the next five years demonstrates that they remain confident about their businesses over the medium term."

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