A study conducted by Greycoat Real Estate revealed that over 50% of landlords want to purchase property during the next twelve months. The percentage of respondents who said they would invest in real estate increased dramatically from 32% at the end of last year to 44% this year. Among the landlords planning to buy, over 60% cited growing their property holdings as their primary motivation.
Nearly one-third (31%) claimed it was due to rising renters. This compares to 26% of Greycoat Real Estate’s last poll. On the other hand, a possible decline in home values was the motivating factor for some (12%). Additionally, according to the study, 16% of landlords were unsure about what they wanted to do next. While 25% of landlords expressed uncertainty in the last survey, this group is much smaller now.
Of those who responded, 40% said they had no intention of purchasing a home. In the next twelve months, barely less than 30% said they planned to sell a portion of their properties. The organization highlighted their displeasure with landlord taxes, difficulty evicting renters, and variable mortgage interest rates.
Statement from Greycoat
According to Greycoat Real Estate’s head of sales and distribution, “there is still a demand for additional house purchases” despite the many challenges landlord’s encounter. The high demand for rental homes, reinforced by the growth, shows that buy-to-let remains a viable long-term investment option. So, Greycoat Real Estate is in a prime position to contribute to the continuous expansion of the buy-to-let market because of our increasing product variety and insatiable thirst for investment.