Buy-to let landlords still spot opportunity in Second City

BIRMINGHAM is the most optimistic regional city in the country for those looking to make the most of the buy-to-let (BTL) market.

- Rob Kenyon

That is according to research by lender Together, based on a survey of 1,000 portfolio landlords.

It finds the sector in good shape despite concerns about a government shake-up which has given the impression that all is not well.

Tanya Elmaz, director of intermediary sales at Together, commented: “Whilst the Renters’ Rights Bill and Stamp Duty changes are major factors currently affecting the buy-to-let market, with the media, suggesting that landlords are exiting en masse, our latest research tells a different story. The environment may be changing but landlords are resilient and those that pivot to employing agile strategies can look forward to opportunities over the next 12 months and beyond.

“A continued push towards houses in multiple occupation (HMO) and co-living spaces, especially in the big cities, points to a desire to maximise space and rental yields, whilst catering for an increasing demand from students and young professionals for affordable options as a shortage in rental stock has forced prices higher.”