The uncertainty of the UK’s economic stability is now becoming an increasingly prominent factor for those operating in the real estate market, despite this, over 50% of property investors are looking to further expand their portfolio in 2023.
A recent survey of over 1,000 property investors completed by bridging finance broker Finbri, has discovered that despite economic uncertainty 50.45% of all investors are planning to make further purchases in 2023 and there is even more activity planned by more experienced investors.
There is also likely to be an increase in investment property availability too as 23.07% of investors with less than five properties have said that increasing interest rates would cause them to sell their properties.
In contrast, 67.92% of more experienced investors with over five investment properties, do plan to invest further in 2023.
Stephen Clark, from Finbri, said: “This report shows that there’s likely to be a marked difference between the investment strategies of smaller Vs. larger property investors in 2023. Fueled by recent tax, legislative, and economic challenges the smaller private landlords are facing significant problems – not least of all the successive interest rate hikes experienced this year. In essence the smaller investors look more likely to sell and the larger ones are looking to capitalise on that opportunity.”
