Landlord optimism 'will grow in next year'
by Sarah Ashcroft
The UK's rental market is experiencing a rise in activity and picking up more business in recent times, new research from LSL Property Services has suggested.
According to the study, improvements in the sector have emerged as a result of rising optimism among landlords who are willing to invest more money into the market , a trend that is set to drive an increase in prospective tenants.
In a recent report, analysts found almost two-thirds of proprietors expect more people to engage with a rental agreement
in the next 12 months, as LSL Property Services claims half of landlords it could be wise to inject funds into the industry.
Furthermore, half of property owners surveyed said they believe now is a good time to invest in buy-to-let mortgages, with 82 per cent citing attractive house prices and strong demand from tenants as the main reasons.
Commenting on the findings, Sam Brown - lettings manager at Your Move - said there has been a definite upturn from investors looking to capitalise on the boom in the rental sector.
The industry expert said that with house sales remaining relatively stagnant, more people are being forced into the market and this competition in the marketplace is driving up the cost of renting and providing proprietors with better returns.
Mr Brown said this factor has driven a number of individuals to enter the buy-to-let market as a new landlord or to expand any existing property portfolio
they may have.
He added: "While the government has gone some way in introducing measures to assist homebuyers, it seems that the buy-to-let market will remain extremely active locally.
At Your Move we're certainly eager to encourage more buy-to-let properties to the market and, of course, support landlords - both new and existing - with our multi award-winning service."
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Published on: October 8, 2012
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