Who Are The Next Generation of Portfolio Landlords?

The latest informaton from Dataloft shows an interesting shift in aspirational portfolio landlords. Numbers indicate that though the average age of a portfolio landlord is late 30s, many younger people, between 25 to 34, are also beginning to grow.

Here at Northwood Northampton, there is a noticeable shift as new legislation brings in a new age of Landlords with their own aspirations and plans.

Residential property has long been the investment choice for many in the UK, but as original buy-to-let landlords near retirement, a new generation must step up to meet the future demand for rental homes.

• The average age of an 'aspirational portfolio landlord' (landlords with between one and three properties who expressed a desire to growth their portfolios) is 37.8, with the highest proportion aged between 25 and 34 (35%).

  
  

• Family and friends with an existing property business were a key motivator for 43% of next-generation portfolio landlords to become landlords, followed by a desire to create long-term rental income.

  
  

• With a well-documented supply shortage, 60% are investing in property because of the long-term demand for rental homes.

  
  

  Source: Dataloft by PriceHubble, Paragon Bank