Paragon Bank’s latest research shows landlords are enjoying their best profits since early 2022.
In a survey of over 700 landlords, 87% made money in Q3 2024, the highest percentage since Q1 2022.
Profits jumped 7% from last year and have been steadily growing over the past few quarters.
Here’s the breakdown:
17% of landlords reported high profits, 70% had smaller gains, and only 4% lost money – down from 6% in Q2 and 8% last year. Meanwhile, 9% broke even.
Looking at regions, landlords in the East of England had the best returns, with 90% turning a profit. Those in the South West and East Midlands did well too, with 89% and 88% making money.
In terms of tenants, landlords renting to students saw the highest profits (91%), followed by those renting to families with kids (88%) and couples (87%).
A Paragon Bank spokesperson said, “Despite rising costs in recent years, many landlords have run their businesses well, staying profitable and now seeing better returns. Strong rental demand and a stabilising economy with lower inflation are likely helping drive this trend.
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