The average age of British landlords has decreased, with some 47 per cent now aged under 40.
That compares to just three years ago when only 29 per cent were aged under 44.
The claim, from property firm Knight Knox, shows that landlords are getting younger and are making more money from rental income than their older counterparts.
The average income per year is highest for the very youngest landlords, with those aged between 18 and 30 generating an average £25,481 a year, according to a research base of 500 private landlords.
Andy Phillips from Knight Knox says: “Landlords in the UK are getting younger and they’re more willing to invest in the market in order to grow their portfolios quickly. It’s really quite remarkable to find that almost half of British landlords are aged under 40 and shows that property investment isn’t exclusively for the elite.
“In 2018, 50 per cent of landlords were aged over 55. Our latest research shows that this has declined to just 26 per cent being aged 51 or over. The face of modern landlords in the UK is changing and it’s the younger generation which is seeing the greatest opportunity.”
Knight Knox, which specialises in the sale of off-plan buy-to-let properties for the private investor market, surveyed 500 private landlords in March this year with One Poll.
The research also showed that younger landlords are also more optimistic about the future.
Some 54 per cent of under 30s surveyed were ‘very confident’ about the market predictions for the next 12 months — compared to 15 per cent of over 51s who said the same. And 47 per cent of under 30s plan to buy another house within the next year.
However, while landlords are getting younger, the number of homes landlords own on average has dropped slightly, from 2.5 to 2.1.
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Good to see younger landlords, I bought my first investment property at 33, it's turned out to be better than any private pension scheme.
I built my first house when I was 25 and with only hand tools, no electric on site, cordless not invented every bit of it and no family or government support, incidentally I still have it. The Regulators & Generation Rent had yet to be born, now they are torturing me.
Of Course Landlords are getting younger & richer, all Digital Academics from university rubbing shoulders with counter parts in the Council but don’t ask them to drive a nail. Many taking on traditional LL’s property and sub-letting it making double what they pay the LL’s, R 2 R style in cloak of Ltd, it rife all over the place. I know because I live in the Real World and been approached oodles of times, you don’t need to be Einstein to work out the profit, full rental income with no Mortgage to pay & no need to own a property but some do own one or two. Regulation not a problem for them press a button on the lap top usually suffice if all goes wrong LL’ take the hit, we are really taken for mugs and doubt if many have the required Commercial Insurance. I don’t need data or Surveys to know what’s going on.
Of course that's happening - the media and twitterites have spent the last 5 years telling everyone we're fleecing everyone and rolling around in piles of gold. Obviously anyone with half a brain is looking into it when that's the sentiment that's being pushed.
About 7 years ago my stepson (kind-of) went off to Afghanistan to do electrical work at a British military base there, and came home 6 months later with £60K. I lent him another £60K and he bought a flat.
He met a nice girl with a flat in London, and together they bought a house for themselves and both rented your their flats to pay the mortgage. Both these youngsters (mid-thirties) are intelligent and hard working and demonstrate what can be done.
So he was earning 10 k a month as an electrician in the army? Why tell such a stupid and obvious lie....
John Smith, you have not understood Bill's comment, his son would not have been in the army he would have been working for them, a big difference, just goes to show you don't know what you are talking about boy.
The army has the Royal engineers, why would they hire normal electricians. Its just a bs story
John the military still employ outside contractors, I looked after a fleet of vans for an electrical contracting company who had many Military contracts all over the place.
Good for them Bill, it's nice to see some of the youngsters working hard to better themselves, as we did at their age.
Its Great to help people who are willing and make the effort, not just sit there waiting for everything to be handled to them.
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