Member Article

Martin & Co research reveals biggest landlord priorities

NEW research from leading property and lettings expert Martin & Co has shown that high tenant demand is a landlord’s number one priority when considering whether to make an investment.

Out of 2,500 landlords questioned, 83 per cent ranked it at the top of their wish list, placing it much higher than cost of investment (73 per cent), achieving a yield target (67 per cent) and proximity to their location (33 per cent).

The findings have been released in Martin & Co’s new market intelligence report, which also offers an overview of the UK’s property sales and lettings market since April’s stamp duty levy and June’s historic EU referendum vote.

A massive 90 per cent of landlords said they will maintain or expand their portfolios in the next two years, with 55 per cent of landlords saying that the EU referendum result had not impacted their decisions to invest.

Of those looking to expand their portfolios, 34 per cent of landlords expect to purchase their next property outright with cash, and 48 per cent want to buy a family home when investing.

Keith Egan, General Manager of Sheffield’s Martin & Co, said: “These new statistics show a buoyancy and confidence in the future of the market that suggest fears over the UK’s future following Brexit were considerably overestimated.

“The buy to let market shows no sign of decreasing in Sheffield and across South Yorkshire, with many exciting new apartment projects currently underway, especially in the extremely popular student market.”

The Martin & Co research also shows landlords’ main priorities and concerns once a tenancy has started, with regular income the main priority and the quality of the tenant also a major concern.

The market intelligence report is available for free download from askmartin.martinco.com. Alternatively, request a report by visiting Sheffield Martin & Co office. in Campo Lane, Hillsborough and Worksop.

This was posted in Bdaily's Members' News section by John Highfield .