Conducted by Lendlord UK, a digital platform for investors and landlords, the survey polled over 200 landlords. The results also revealed that 20% of respondents expect to renovate their properties in the next twelve months, while 42% intend to focus on renting out their existing properties.
In terms of investment goals, 45% aim to prioritise the enhancement of the value of the properties already in their portfolio over the next year, closely followed by increasing rental income (38%). At the same time, 17% are aiming to diversify their portfolios.
Regarding how investors plan to finance their endeavours, 40% intend to leverage existing equity in their portfolio, while 35% would consider taking out a new mortgage or loan. Additionally, 25% of investors are open to partnering with others to achieve their property ambitions.
The survey also revealed some reservations for the property market in 2024. Market fluctuations (42%) rank as the primary concern, closely followed by anxieties regarding regulatory changes (38%). Furthermore, 20% of Lendlord users expressed apprehension regarding property maintenance management.
In navigating these challenges, many property investors are seeking innovative solutions and strategic approaches to maintain their portfolios effectively.
Working with a property investment company can help investors navigate the purchasing process, secure solicitors and find a management company to take on the bulk of the maintenance work required.
Strategies like buying off-plan property can offer greater long-term capital appreciation and more robust rental returns when situated in prime investment areas.
Read More: Want to know how to get into real estate? Our daily insights delve into everything from off-plan developments in Manchester to the latest UK rental hotspots!
