Who are the next generation of Portfolio Landlords?
08/10/2024
- 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
