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Landlords looking at greater variety of properties


Property buyers seeking a solid investment are most likely to look for terraced houses and flats, according to new research from buy-to-let lender Paragon Mortgages. In a quarterly survey of landlords, 58 per cent said they planned to invest in flats or maisonettes during the fourth quarter of 2012, and the same proportion were interested in adding terraced houses to their portfolios.

Semi-detached houses and detached houses were the next most popular types of property at 30 per cent and 21 per cent of landlords, followed by bungalows and multi-unit blocks. Overall, 16 per cent of landlords are planning to increase the size of their portfolios in the fourth quarter of the year, with professional landlords the most likely to buy more property than their smaller-scale counterparts.

“It is very encouraging to see private landlords looking to invest in a wider variety of property types,” said John Heron, managing director of Paragon Mortgages. “This may well be in response to the fact that we are starting to see higher demand for larger rented properties from families who are choosing the private rented sector because they do not want to, or cannot buy in today’s difficult economic environment.”

Buying Houses since 1972