Family housing 'offers better returns'
by Sarah Ashcroft
Landlords are better setting up tenancy agreements
for family homes as opposed to flats if they want to see decent returns, an expert has said.
Editor at Property Hawk Chris Horne emphasised that there is an oversupply of flats at the moment, so family properties are generally a better long-term investment.
"There is increasing demand from families who traditionally would have bought houses and are now either deciding not to or are unable to afford to get on the housing ladder," he explained.
Mr Horne stressed that there is now a market to be taken advantage of beyond young professionals, who are traditionally targeted by landlords.
Figures from the Royal Institution of Chartered Surveyors recently showed that new tenant demand outpaced the supply of rental property in the three months to July.
Rents therefore continued to rise, with 34 per cent more surveyors reporting a rise in rents as opposed to a fall.
- Landlord and Tenancy News from Lawpack: Solicitor-approved tenancy agreement template with expert guidance on how to complete the legal form
Published on: September 1, 2011
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