Mon, 27 Jan 20
A third of all landlords live in Greater London and the South East according to data collated by a property management firm.
The research, by Apropos by DJ Alexander, shows that 871,790 - some 33.59 per cent - of the UK’s 2.5m landlords live in Greater London and the South East.
Across the UK countries England accounts for 88 per cent of all landlords with 2.2m; Scotland has 158,505; Wales has 104,450; while Northern Ireland has 64,995.
“The private rented sector is the second largest provider of homes in the UK providing 20 per cent of all housing stock and this is set to grow in the next decade as the UK’s population continues to increase through a combination of increased longevity and some immigration” says David Alexander, joint managing director of Apropos.
“For existing and new landlords, it is important that they keep up to date with legislative, regulatory and financial changes. Most landlords with a single property have seen their earnings shrink over the last five years due to the loss of tax reliefs, increased borrowing costs, and higher maintenance demands. Therefore, it is essential that they are on top of the financial management of their investment to keep it profitable” he adds.
“It is clear that the sector will remain a key part of the UK’s housing mix in the next few decades and we need to ensure that it is properly managed, effectively regulated, and operated to provide the best homes for tenants in the years to come. Landlords are the essential component in this mix, and we must encourage, help and sustain them in the years to come.”
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