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LATEST NEWS & EVENTS Tenant demand continues to rise  Individuals and businesses seeking property investment advice could turn to the private rented sector as a new report shows tenant demand is continuing to rise. Over four in ten (44 per cent) landlords said demand from tenants increased in the third quarter of the year, according to buy-to-let lender Paragon. Just four per cent thought it declined, in what is a sure sign that businesses using a property development solicitor can expect to fill blocks of flats and other accommodation. In addition, half (49 per cent) the landlords polled expect demand to continue to increase over the next 12 months. The survey also shows landlords are investing in bungalows more than before, while terraced houses and flats remain the most popular choices. Nigel Terrington, chief executive of Paragon, said: "More people than ever before are relying on the private rented sector so it is positive to see that landlords are looking to invest in their portfolios and are also diversifying the types of property in which they are investing in order to meet tenant demand." The good news for landlords comes as Shelter warns that average private rents in over half (55 per cent) the local authorities in England are unaffordable for ordinary working families. 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 |
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