{"id":206,"date":"2020-10-26T14:42:00","date_gmt":"2020-10-26T14:42:00","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/one-in-ten-landlords-now-plan-to-purchase-properties-and-expand\/"},"modified":"2025-12-17T15:04:09","modified_gmt":"2025-12-17T15:04:09","slug":"one-in-ten-landlords-now-plan-to-purchase-properties-and-expand","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/one-in-ten-landlords-now-plan-to-purchase-properties-and-expand\/","title":{"rendered":"One in 10 (10%) landlords now plan to purchase properties and expand their portfolio, compared to just 3% at the end of last year"},"content":{"rendered":"\n
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One in 10 (10%) landlords now plan to purchase properties and expand their portfolio, compared to just 3% at the end of last year<\/h1>\n\n\n\n

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One in 10 (10%) landlords now plan to purchase properties compared to just 3% at the end of last year, and could lead to a spike in investments AWAY from the cities<\/h2>\n\n\n\n

One in 10 (10%) landlords now plan to purchase properties and expand their portfolio, compared to just 3% at the end of last year, according to research by Simply Business, who provide insurance to over 250,000 landlords.<\/p>\n\n\n\n

At the end of last year, 82% of landlords claimed that they had no plans to acquire another property in 2020, while just 3% were intending to add more than a single property to their portfolio.<\/p>\n\n\n\n

Now it seems attitudes have changed, as landlords look to take advantage of the Chancellor\u2019s stamp duty holiday implemented in July. Soon after the stamp duty holiday was implemented, a tenth (10%) of landlords said they are now planning to purchase more properties and build out their portfolio, and just 5% said they had any intention to sell any existing properties.<\/p>\n\n\n\n

This rise in confidence could lead to a spike in investments away from the city, including in the countryside and coastal towns. At the end of last year a third (29%) of UK residential landlords already believed properties in city centres no longer represented a worthwhile investment. Now with more landlords intending to purchase, we could see this come to fruition, with a spike in investments outside of the cities.<\/p>\n\n\n\n

Lockdown may have also pushed up renter and homeowner demand in greener towns and villages, with recent figures from Rightmove also revealing that property searches have doubled for homes in small towns and villages with populations less than 11,000.<\/p>\n\n\n\n

Alan Thomas, UK CEO at Simply Business comments:<\/strong> \u201cThe coronavirus outbreak and consequent lockdowns have been transformational in UK renters\u2019 attitudes towards property, and therefore where landlords are looking to make their next investment.<\/em><\/p>\n\n\n\n

\u201cThe pandemic has resulted in people spending more time at home \u2013 both for work and leisure, while many of the benefits of city living have been impacted. It\u2019s no surprise to see that renters are valuing larger properties with outdoor space.<\/em><\/p>\n\n\n\n

\u201cThere appears to be a shift in terms of what is considered a desirable property by tenants, and residential landlords \u2013 crucial to both the economy and the local communities where they provide housing \u2013 along with the market in general, are reacting to this.<\/em><\/p>\n\n\n\n

\u201cWhat is clear though, is that the UK buy-to-let market is going through somewhat of a transition, driven by a move away from the previous demand for city centre properties.\u201d<\/em><\/p>\n\n\n\n

-Ends-<\/h3>\n\n\n\n

Notes to editors:
Survey of 1,385 landlords from across the UK, conducted July 2020.
Survey of 799 landlords from across the UK, conducted November 2019.<\/p>\n\n\n\n

For further information, please contact:<\/h3>\n\n\n\n

Frank PR
SimplyBusiness@welcometofrank.com<\/a><\/p>\n\n\n\n

About Simply Business<\/h2>\n\n\n\n

Simply Business<\/a>\u202fis one of the UK\u2019s biggest business insurance providers, specialising in public liability insurance for small and midsize enterprises. Launched in 2005, Simply Business provides an online brokerage service, delivering policies tailored to individual business requirements.<\/p>\n\n\n\n

Using the power of tech and data to create the best possible customer experiences, Simply Business employs over 1,200 people across offices in London and Northampton, UK; and in Boston, Massachusetts; and Atlanta, Georgia, in the U.S. Owing to the insurance provider\u2019s internal underwriting capability and expert panel of insurers, Simply Business can cover over 1,200 trade types \u2013 ranging from plumbers to accountants to dog walkers.\u202fIts UK brand campaign \u2013 \u2018Simply The Best<\/a>\u2019 \u2013 aims to help UK small businesses feel \u2018the best\u2019 about their business insurance.<\/p>\n\n\n\n

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We create this content for general information purposes and it should not be taken as advice. Always take professional advice. Read our full disclaimer<\/a><\/p>\n<\/div>\n\n\n\n