The latest Lendlord UK Landlord Survey has disclosed that 38% of landlords are planning to expand their property portfolios in the coming year.

This survey, which gathered insights from over 200 landlords, also found that 20% are considering property renovations, while 42% aim to focus on renting out their current properties.

Landlords are expressing a clear preference for enhancing their portfolio’s value (45%) and increasing rental income (38%), with 17% looking to diversify their investments.

Funding strategies include leveraging existing equity (40%) and exploring new mortgages or loans (35%), with a quarter of the respondents open to forming partnerships to realize their property goals.

The survey participants also highlighted potential hurdles for 2024, such as market fluctuations (42%) and staying abreast of regulatory changes (38%).

Maintenance management also stands out as a concern for 20% of the users of Lendlord, the digital platform for property investors and landlords.

Long-term aspirations are robust, with 82% of landlords wishing to continue expanding their portfolios beyond 2024, 13% focusing on optimizing their existing assets, and a small percentage (5%) targeting a steady passive income.

Aviram Shahar, co-founder and CEO of Lendlord, reflected on the findings: “Despite the wide range of challenges investors are currently facing, there remains a strong appetite among landlords to grow and invest in their portfolios over the next twelve months…There is currently high demand for rental property, which…continues to make buy-to-let (BTL) investments appealing in the long run.”