The Areas With Greatest Buy-to-let Prospects

Confidence among buy-to-let landlords has been increasing nationally, but there are regions where landlords are more confident about sector prospects with increasing demand and shorter void periods. 

 

The quarterly National Residential Landlords Association (NRLA) survey quizzed landlords about their confidence in achieving their goals compared to the previous quarter, and it revealed that confidence has grown for the third consecutive quarter, and is now at its highest recorded level in the 10 quarters the index has been running. 

 

Over the past 12 months, 15 per cent of buy-to-let landlords have purchased property, and have cited anticipated changes in economic conditions as the most influential factor in property portfolio decisions. 

 

The survey showed a growing trend of buy-to-let landlords planning to purchase further properties, with 22 per cent of landlords planning to buy in the next year, an increase of 50 per cent, also the highest recorded figure since the inception of the survey. 

Several regions have seen higher than average landlord confidence, with Yorkshire and the Humber leading the way with the most confident landlords. The West Midlands, north-west, south-west, east of England and East Midlands all came in above the national average of landlord confidence. 

 

While there is an overall increase in landlord confidence, the north-east, south-east and East Midlands saw a downturn in confidence compared to the previous quarter. 

 

Landlords are least confident in Inner London, and the north-east, London, Wales, Outer London and the south-east also see landlord confidence below the national average. 

 

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