Landlords still expanding portfolios as demand remains
UK buy-to-let owners are continuing to try to expand their property
portfolios in the middle of 2013 as tenant demand remains
It has been reported by various sources throughout the year that
the number of people getting on the housing ladder has been
increasing, but this has not meant a fall in demand for homes in
the private rented sector.
According to Paragon, 93 per cent of landlords it surveyed said
that the level of demand in the UK was either stable or growing at
the current time.
In the next 12 months, some 86 per cent said they expect this trend
to continue, with only six per cent saying that they feel there
will be a drop in demand.
And this has meant that buying intentions have swelled, with 19 per
cent adding that they intend to buy more rental homes in the near
future - an increase from the 13 per cent who said the same in the
first quarter of the year.
John Heron, director of mortgages, said: "Landlords are
consistently seeing strong rental demand, and on the back of better
availability of buy-to-let mortgages they are planning to buy more
property, which should improve the supply of property to tenants,
thus easing some of the pressure that has been building."