almost 50% of landlords report increase in tenant demand

Landlord Expert
By Landlord Expert May 9, 2011 14:58

Almost half of landlords reported that tenant demand rose during Q1 2011, Paragon’s Private Rented Sector Trends Report reveals.

The research shows 49% of landlords experienced growing levels of demand during the period, up from 40% in Q4 2010 and compared to 5% who said it was falling.

Furthermore, 52% of respondents expect demand to increase over the next 12 months, with just 6% predicting a decline.

Nigel Terrington, chief executive at Paragon Group, says: “Landlords are experiencing high levels of tenant demand, and this is expected to rise due to a number of factors, including social housing reforms, lifestyle choices, low numbers of first-time buyers and wider demographic changes.

“We are seeing evidence that strong tenant demand is feeding through to higher rents. A lack of available mortgage finance is restricting the sector’s ability to expand and needs to be addressed to create a healthy and vibrant buy-to-let market in the UK.”

The report also shows that 64% of landlords said availability of finance was limited, while average yields increased to 6.2%, their highest level since Q4 2009.

Terrington adds that landlords have experienced a positive start to the year and their prospects for 2011 and beyond are high.

Landlord Expert
By Landlord Expert May 9, 2011 14:58

BEST LANDLORD OFFERS

Recent Member Comments

  • User AvatarDave Osbourne { Had a blocked gully which tenant ignored after recent rain had the lounge and hall partly flooded the floor is going to be replaced but... } – Oct 16, 4:47 PM
  • User AvatarFiona Bullock { Dear Sir, I have received a text and email from my tenants saying they wish to end their tenancy of 3 years with effect from... } – Jul 05, 12:55 PM
  • User Avatarchristine clare timmins { Hi Rahima - Did you manage to resolve your problem? I am new to this site and saw your dilemma - we are about to... } – Jun 28, 9:12 PM
  • User AvatarShani Zvi { Hey, I need an advise regarding the TDS registration. The agency I'm working with claims that they need to register the tenant Zero Deposit scheme... } – Jun 04, 11:43 AM
  • Amanda Harrison { Advise needed }
  • Older »

News Archive