Over half of landlords in the UK expect tenant demand to increase in 2014 with four in 10 reporting growth in the last six months, a new survey shows.
Over half of landlords in the UK expect tenant demand to increase in 2014 with four in 10 reporting growth in the last six months, a new survey shows.
Overall 58% of landlords predict tenant demand will grow in the next 12 months and nearly a fifth expect to expand their portfolios in 2014, the latest landlord sentiment survey from LSL Property Services found.
Also, three quarters of landlords believe now is a good time to buy or sell rental properties and prospects are bright for the rental sector in 2014 as rising prices are making property investment for buy to let an attractive investment opportunity.
In the past six months, 41% of the 2,195 landlords polled reported a rise in tenant demand, with just one in sixteen seeing a fall. Such growth in demand has been the driving force behind the series of rent rises seen during 2013. Just 10% of landlords are expecting demand to shrink.
Nearly a fifth, 18%, of landlords therefore anticipates growing their portfolio of properties over the coming 12 months, while 16% already expanded in 2013.