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UK’s landlord hotspots revealed – City of London home to the highest number per capita

Rental market analysis by London lettings and estate agent, Benham and Reeves, has revealed that with an estimated 23,555 of the local population earning an income through property, the City of London is home to the highest proportion of landlords in the land.

Benham and Reeves analysed the latest figures on the estimated number of individuals with property income excluding furnished holiday lets across the UK, how this figure differed by area and how it stacked up when compared to wider population figures, to reveal where’s home to the most landlords in the nation.

The figures show that there are currently an estimated 2.65m landlords across the UK, equating to 3,959 landlords for every 100,000 people.

Regionally, the South East is home to the highest total number of landlords at 9.3m, but London has the highest number of landlords per capita.

The nation’s landlord hotspot when it comes to where they reside is the City of London, with the most landlords per capita in the UK.

Richmond and Kensington and Chelsea also rank with some of the highest landlord levels per capita, followed by Elmbirdge, South Hams, the Isles of Scilly, Barnet, Harrow, Three Rivers and Epping Forest.

In contrast, Kingston upon Hull is home to the lowest level of landlords per capita, with some 2,710 landlords across a population of 266,463 people equating to just 1,017 landlords per 100,000 people.

Blaenau Gwent, West Dunbartonshire, Knowsley, North Lanarkshire, Stoke-on-Trent, Sandwell, Glasgow, Inverclyde and Liverpool are also home to some of the lowest number of landlords per capita.

Director of Benham and Reeves, Marc von Grundherr, commented:

“Not only does the UK property market help millions of buyers realise their dreams of homeownership each and every year, but it also provides a source of income for millions more of us and it’s great to see a robust number remain despite the government’s clamp down on the financial returns on offer.

Of course, in the modern age, technology has allowed us to expand our property portfolios beyond the previous geographical limitations of yesteryear.

With the combination of this technology, and a top draw letting agent to help manage the day to day requirements of a property investment, we now have the ability to live in Cornwall and invest in Scotland should we so wish.

This enables those investing in the real estate sector to take advantage of a changing market and the differing returns available without having to relocate in order to do so.”

Table shows the estimated number of individuals with a property income by region
Location Est individuals with property income excluding FHL Est population – latest 2021 Est landlords per 100k population Est individuals with property income per capita
London 463,200 8,796,628 5,266 0.053
South West 292,010 5,712,840 5,111 0.051
South East 459,410 9,294,023 4,943 0.049
East of England 282,320 6,348,096 4,447 0.044
East Midlands 176,760 4,880,094 3,622 0.036
Northern Ireland 65,860 1,904,563 3,458 0.035
Wales 104,120 3,105,410 3,353 0.034
West Midlands Region 192,100 5,954,240 3,226 0.032
Yorkshire and The Humber 175,010 5,481,431 3,193 0.032
North West 218,560 7,422,295 2,945 0.029
Scotland 158,000 5,479,900 2,883 0.029
North East 66,050 2,646,772 2,495 0.025
England 2,325,420 56,536,419 4,113 0.041
United Kingdom 2,653,400 67,026,292 3,959 0.040
Table shows the areas with the highest number of individuals with a property income per capita
Location Est individuals with property income excluding FHL Est population – latest 2021 Est landlords per 100k population Est individuals with property income per capita
City of London 2,030 8,618 23,555 0.236
Richmond upon Thames 18,190 195,232 9,317 0.093
Kensington and Chelsea 13,010 143,940 9,038 0.090
Elmbridge 12,240 139,369 8,782 0.088
South Hams 7,520 89,213 8,429 0.084
Isles of Scilly 190 2,271 8,366 0.084
Barnet 31,380 388,639 8,074 0.081
Harrow 20,970 260,987 8,035 0.080
Three Rivers 7,300 93,952 7,770 0.078
Epping Forest 10,480 134,909 7,768 0.078
Windsor and Maidenhead 11,830 153,921 7,686 0.077
City of Westminster 15,400 205,087 7,509 0.075
Cotswold 6,820 91,125 7,484 0.075
West Devon 4,280 57,488 7,445 0.074
Mole Valley 6,450 87,608 7,362 0.074
St Albans 10,880 148,641 7,320 0.073
Camden 15,200 210,390 7,225 0.072
Derbyshire Dales 5,120 71,681 7,143 0.071
Waverley 9,190 128,878 7,131 0.071
Chichester 8,750 124,531 7,026 0.070
Table shows the areas with the lowest number of individuals with a property income per capita
Location Est individuals with property income excluding FHL Est population – latest 2021 Est landlords per 100k population Est individuals with property income per capita
City of Kingston upon Hull 2,710 266,463 1,017 0.010
Blaenau Gwent 850 66,993 1,269 0.013
West Dunbartonshire 1,120 87,790 1,276 0.013
Knowsley 2,020 154,974 1,303 0.013
North Lanarkshire 4,510 341,400 1,321 0.013
Stoke-on-Trent 3,720 258,037 1,442 0.014
Sandwell 5,560 341,729 1,627 0.016
City of Glasgow 10,670 635,130 1,680 0.017
Inverclyde 1,310 76,700 1,708 0.017
Liverpool 8,300 484,488 1,713 0.017
Falkirk 2,790 160,700 1,736 0.017
Renfrewshire 3,140 179,940 1,745 0.017
Halton 2,250 128,577 1,750 0.017
Harlow 1,640 93,374 1,756 0.018
Middlesbrough 2,530 143,734 1,760 0.018
Burnley 1,670 94,721 1,763 0.018
Sunderland 4,860 274,211 1,772 0.018
Merthyr Tydfil 1,050 58,866 1,784 0.018
East Ayrshire 2,180 122,020 1,787 0.018
Hartlepool 1,660 92,571 1,793 0.018
LONDON only
Location Est individuals with property income excluding FHL Est population – latest 2021 Est landlords per 100k population
City of London 2,030 8,618 23,555
Richmond upon Thames 18,190 195,232 9,317
Kensington and Chelsea 13,010 143,940 9,038
Barnet 31,380 388,639 8,074
Harrow 20,970 260,987 8,035
City of Westminster 15,400 205,087 7,509
Camden 15,200 210,390 7,225
Redbridge 21,260 309,836 6,862
Wandsworth 22,120 328,367 6,736
Kingston upon Thames 11,090 167,845 6,607
Hammersmith and Fulham 11,780 183,295 6,427
Merton 13,100 215,324 6,084
Bromley 19,730 329,830 5,982
Enfield 18,770 329,601 5,695
Ealing 19,570 366,127 5,345
Islington 11,560 216,767 5,333
Brent 17,570 338,918 5,184
Hillingdon 15,420 304,792 5,059
Sutton 9,960 209,517 4,754
Lambeth 15,070 317,498 4,746
Hounslow 13,520 287,940 4,695
Haringey 12,050 264,130 4,562
Croydon 16,910 390,506 4,330
Southwark 12,910 306,374 4,214
Havering 10,790 262,022 4,118
Hackney 10,400 259,956 4,001
Waltham Forest 10,180 278,050 3,661
Lewisham 10,950 299,810 3,652
Greenwich 10,320 289,254 3,568
Bexley 8,620 246,543 3,496
Tower Hamlets 10,690 312,273 3,423
Newham 8,410 350,626 2,399
Barking and Dagenham 4,270 218,534 1,954

Estimated number of individuals with property income excluding furnished holiday lets across the UK sourced from Parliament
Estimated population figures sourced from the Office for National Statistics

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About the Author

Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents. With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from 21 prominently located branches and 15 international offices.

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