Big portfolio landlords are the future of the PRS

The PRS of the future will be dominated by large-scale landlords and Build-To-Rent in the coming years, says BTR chief at LRG, Andy Jones. Labour’s rumoured CGT and Inheritance Tax plans coupled with tougher regulation will be driving the trend.

Boosted by permitted development rights (PDR) which allow change of use from commercial to residential, LRG says returns on managed residential property portfolios have increased exponentially over the last five years.

And profits will keep on rising if the new government continues its support for the professionally-managed rental market and BTR.

Tax-efficient

In response LRG has set up a new department specifically designed to service the sector and is advising that Small Self-Administered Schemes (SSASs) or Self Invested Personal Pensions (SIPPs) are a highly tax-efficient way of investing in it.

With more lettings legislation in the pipeline, the growth of the professional residential lettings sector is set to continue.”

Jones, who is Group Director of Corporate and BTR, says: “The circumstances could not be better aligned. With more lettings legislation in the pipeline, the growth of the professional residential lettings sector is set to continue. Demand for larger property portfolios will increase and in a frenzied market, it’s vital that sellers and investors benefit from quality, timely advice and an understanding of the intricacies of the market conditions.

“Making the right investment choices requires expertise on planning, surveying, management and lettings advice. At LRG we’re pleased to offer the full package, all under one roof, supported by enhanced technology: an online platform which showcases property portfolios to the investment market and provides data to enable customers to reach information quickly and efficiently.”