Landlords see rise in rental income
The second quarter of this year has proved positive for many landlords, as 29 per cent have reported a rise in their income.
Figures from Paragon show that 13 per cent of landlords have made rent increases
of between two and four per cent.
For small-scale landlords, 19 per cent have reported a rise in rental income, although 75 per cent admitted the amount they charge has remained unchanged.
Nigel Terrington, Paragon group chief executive, commented: "Landlords are continuing to experience high levels of demand for their properties so have been able to make small increases to rent levels, without making accommodation unaffordable."
He noted that demand for private-rented property is showing no signs of slowing down, as 40 per cent of landlords believe requests from tenants are either booming or growing.
Furthermore, they also believe that this positive picture will continue over the next 12 months.
- Landlord and Tenancy News from Lawpack: Solicitor-approved Rent Increase Notice (Section 13) with expert guidance on how to complete the legal form
Published on: June 29, 2011
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