Landlords increase portfolio size – Paragon

The average UK landlord has increased the size of his or her portfolio in the past three months, according to a report by Paragon Mortgages.

Investors in UK property now hold an average of 14.1 properties. This is a rise from 12.9 in the first quarter of 2012 and up from 12.5 year-on-year.

Terraced housing remains the most popular type of property. Roughly, 49% of investors who are planning to increase portfolios are looking for terraced properties.

Around a quarter of those surveyed expect to buy flats or maisonettes with 23% planning to purchase semi-detached houses.

The Private Rented Sector Trends Survey found that around a fifth of respondents are planning to increase their portfolio size in Q3, a 3% rise on the same period last year.

Read the full story at Mortgage Solutions

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