Some 41 per cent of landlords in the private rented sector plan to increase the rent they charge tenants during the next 12 months.This is on the back of strong levels of tenant demand, research from The Paragon Group has revealed.
The buy-to-let mortgage specialist's data showed 55 per cent of landlords plan to keep rents at 2010 levels and four per cent landlords will reduce the rent they charge.
Nearly a third of landlords plan to increase rents by up to four per cent of the current value, with ten per cent aiming to increase the rent they charge tenants by between four and eight per cent.
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