The Property Wealth Index | Monthly UK Property Data

£47.2bn

Total Visibility Deficit across Proxera-connected portfolios

↓ £0.7bn vs April

£127k

Average error between investors’ self-estimate and true net position

Most underestimate

71%

of London landlords hold valuations over 14 months old

£18.4bn invisible equity

612

National PWI composite score this month (out of 1000)

↑ 8 vs April

Figures shown are the May 2026 edition. Updated monthly from Proxera-connected portfolio data.

The Visibility Deficit, by region

The gap between reported portfolio values and true net positions, in billions.

London

£18.4bn

South East

£8.1bn

North West

£5.3bn

West Midlands

£4.2bn

Yorkshire

£3.6bn

Scotland

£3.1bn

Other UK

£4.5bn

For investors

What other investors are getting wrong

How connected landlords compare across the UK.

77%of connected landlords had a materially incorrect net-position estimate on day one, most underestimating their own wealth.

£127,000the average gap between what investors believed their portfolio was worth and its true, platform-calculated value.

2.3×investors with valuations over six months old were far more likely to defer a refinance they already qualified for.

For agents

How agencies are performing

The signals separating the best agencies from the rest.

South Easttops the Agent Performance Index at 78/100; North West is the fastest improving, up 9 points this quarter.

41%longer client retention for agencies that give investors a live portfolio view versus annual check-ins.

1 in 9investor relationships go quiet within 18 months at agencies with an always-on platform, versus 1 in 3 without.

Agent Performance Index, by region

How effectively agencies convert investor relationships into measurable outcomes (0 to 100).

South East

78leads

London

North West

71+9 ↑

South West

Yorkshire

Scotland

West Midlands

Visibility Deficit, last six months

The national gap is closing as more portfolios come online.

Most missed opportunities this month

Where investors and agencies are leaving value on the table, ranked by scale.

Refinances not actionedof releasable equity sat idle in portfolios that already qualified to refinance.

£2.8bn

Under-performing propertiesof tracked properties are below their local yield benchmark and haven't been reviewed.

31%

Capital gains thresholdsinvestors are approaching a CGT threshold without a plan to manage it.

1 in 6

Compliance renewalscertificates and renewals were due this month across connected portfolios.

12,400

Expansion windowsof borrowing capacity is available but unused for portfolio growth.

£1.9bn

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