Busier offices see landlords return their attention to the humble flat

UK landlords are doubling down on urban flats as prospective buyers revert to city living, according to new research.

Related topics:  Landlords,  Property,  Flats
Property | Reporter
16th January 2024
Flats 805
"The end of ‘the flight to the countryside’ and resurgence of city living post-pandemic has not gone over landlords’ heads as investment in urban properties has gained strong momentum"
- Emma Cox - Shawbrook

28% of UK landlords agree that flats in cities have been the best investment over the last twelve months, with 26% believing they would continue to be so over the next 12 months, according to the latest data from Shawbrook Bank.

Additional data outlines the upward trend in office working, with a total of 43% of workers now returning to the office. As a result, landlords are identifying the investment opportunities of city properties.

Shawbrook also found other notable investment opportunities including:

Semi-detached properties in cities (21%)
Student accommodation (18%)
More widely, the number of landlords that agreed that flats in cities were the best investment is even higher in areas such as London (30%), Scotland (39%), and Wales (28%).

Emma Cox, Managing Director of Real Estate at Shawbrook Bank says: “The end of ‘the flight to the countryside’ and resurgence of city living post-pandemic has not gone over landlords’ heads as investment in urban properties has gained strong momentum.

Emma concludes: “Whilst the property market still remains turbulent, with high-interest rates and inflation impacting buyers, landlords are adapting their strategies to diversify and stay on par with changing trends. Now may also be the right time for professional landlords to partner with a specialist lender, to maximise opportunities available and future-proof businesses against any further market challenges.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.