Analysis by Pegasus Insight found that the average annual income of landlords has risen by £14,000 a year since the last quarter to a record high of £89,000.
The research was based on 631 interviews with members of the National Residential Landlords Association (NRLA).
This may mean that survey respondents are more likely to be professional landlords or portfolio owners and less likely to be casual landlords than the general population, particularly as it was also found that the average landlord’s portfolio is now worth £1.69 million.
The latest Landlord Trends report found that average annual rental income in the first quarter was also £16,000 higher than in the same quarter in 2025.
Meanwhile, a tenant survey conducted by Pegasus Insight indicates that the average tenant has been in their current property for more than five years, with two-thirds planning to stay beyond the end of the original term.
It found that 76% say they are satisfied with the service provided by the landlord or leasing agent.
Mark Long, founder and managing director of Pegasus, says: “Much of the debate around the private rental sector focuses on regulation, taxation and the challenges facing landlords, but these results are a reminder that the underlying market fundamentals remain strong.
“The increase in rental income is significant, but perhaps more important is the quality of that income.
“Our renter trends research shows that renters are staying in their homes longer, are generally satisfied with their rental experience and have little intention of moving.
“Long-term tenants provide landlords with stable, predictable income streams and reduce the costs and disruption associated with frequent tenant turnover.
“This stability is good for landlords and good for tenants as well.
“Although affordability pressures remain a concern and landlords continue to face rising compliance and operating costs, demand for rental housing remains strong.
“PRS continues to provide homes for millions of people who value the flexibility and convenience of renting.
“These findings suggest that despite the uncertainty surrounding future regulation, the fundamental relationship between landlords and tenants remains remarkably resilient.”
