Tenant Demand Still Increasing Say Landlords
Almost Half UK Buy To Let Landlords Think Tenant Demand Is Still Increasing
The latest figures released by mortgage lender Paragon have shown that almost half of the UK landlords surveyed think that tenant demand for PRS properties increased during the first quarter of 2012.
44% of UK landlords quizzed in Paragon’s latest Private Rented Sector Trends survey, reckon that tenant demand has continued to grow despite the continuing economic gloom.
The quarterly survey carried out by the Buy-To-Let mortgage lender also revealed that only 7% of landlords thought working tenant demand had declined and 46% thought tenant demand remained stable in the first three months of this year.
Professional landlords conducting thorough tenant referencing checks and utilising Rent Guarantee products were more likely to think that demand was growing as they were doing more to encourage the right calibre of new tenants and taking steps to ensure regular monthly cash-flow, once the tenancy had started.
A simple enough income strategy that should be adopted by more small scale landlords worried about keeping the rent coming in every month.
The Paragon survey also asked landlords to comment on their expectations of tenant demand levels during the next 12 months:
53% believe tenant demand for decent private rented sector properties will continue to grow and 36% thought tenant demand would stabilise.
