Lamport Bassitt Solicitors - Legal News - One in six homes in private rented sector


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS One in six homes in private rented sector More people looking for property investment advice are turning to the private rented sector for returns on their money. New figures from the Department of Communities and Local Government reveal more than 17 per cent of the English property stock is within the private rented sector. This is up from the 16.4 per cent in 2009, equivalent to an extra 229,000 properties. Since 2000, the number of rental properties has increased from 1.8 million to 3.9 million. Nigel Terrington at Paragon said the figures indicate changed perceptions about the private rented sector. "The increase in PRS [private rented sector] homes is fuelled by a combination of landlords buying property with cash and buy-to-let mortgages, people letting out homes they have inherited and homeowners deciding to let their property," he added. It comes after the Council of Mortgage Lenders revealed the value of buy-to-let loans increased by 21 per cent in the period between April and June. Posted by Georgina Price Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News