Oct '24 • General discussion
Next generation landlords report
Hi all, came across Paragon Bank’s Report on next generation landlords and thought this community might be interested.
The latest report on next-gen landlords shows they’re getting younger, with the average age now 37. Nearly 70% of these landlords are between 25 and 44, and a big chunk (43%) got into it because of family or friends with property businesses.
Most (77%) are working full-time and already high earners, with 51% having property-related jobs. London and the South East are hot spots, but there’s also a solid presence in the North West.
Property’s appeal? It’s a tangible asset (67%) with long-term rental demand (60%), plus many see it as a pension boost (53%). Interestingly, many are looking to move beyond standard rentals: while 8% invest in HMOs now, 17% plan to in the future, and interest in terraced housing is up too, from 26% to a future 37%.
Happy reading;)
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Next generation landlords report
skool.com/the-property-wealth-academy
The Property Wealth Academy gives you the complete system to source, analyse, and secure high-cashflow deals — step-by-step, no fluff, no theory.
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