Uk landlords believe tenant demand will rise further

Landlord Expert
By Landlord Expert June 6, 2011 19:41

Some 49 per cent of UK-based landlords believe that now is a good time to invest in new property.

In comparison, just 19 per cent of those questioned by LSL Property Services plc are looking to reduce their portfolios.

Demand for buy-to-let property is forecast to grow in the coming 12 months, with figures showing that 185,600 fewer first-time buyers entered the property in the last year compared to the level before the downturn.

As a result, many are staying in the private rental sector.

Indeed, in the past three months, 52 per cent of landlords have reported a rise in tenant demand and 68 per cent expect demand to grow further in the next twelve months.

David Newnes, estate agency managing director for LSL Property Services plc, said: "Optimism among landlords is not only buoyant, but increasing.

"Soaring rents and climbing demand from frustrated first-time buyers are not only making buy-to-let an attractive proposition for new property investors - but are encouraging existing landlords to grow their holdings before property prices increase once more."

Landlord Expert
By Landlord Expert June 6, 2011 19:41

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