Looking forward, landlords expect tenant demand to continue strengthening with over half (52%) expecting demand to increase over the next 12 months, and only 6% forecasting a decline.
Nigel Terrington, Paragon Group Chief Executive, said: “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.”
Click here to read the full article Nearly half of landlords report tenant demand is increasing
NetRent Comment
We have made the same comments repeatedly on this Blog. A bottle-neck is being created by the lack of suitable mortgage lending in the UK. Long term this will ensure that when lending does return to more normal conditions we are likely to see another jump in house prices. Yet again we call on the Government to take action now and force the banks to start mortgage lending.
