Rental de­mand growth con­tin­ues

Yorkshire Post - Property - - PROPERTY -

De­mand for pri­vate rented prop­erty con­tin­ues to grow.

Paragon Mort­gages’ Trends Re­port re­veals nearly a quar­ter of land­lords saw lev­els of ten­ant de­mand in­creas dur­ing the first quar­ter of the year.

Paragon Mort­gages’ man­ag­ing di­rec­tor John Heron says: “Ten­ant de­mand has been grow­ing con­sis­tently over the past two years, but it looks set to re­main healthy in fu­ture years. Rent­ing is no longer seen as the ten­ure of last re­sort, in­creas­ing num­bers of peo­ple are now ac­tively choos­ing rented ac­com­mo­da­tion as a life­style choice, pre­fer­ring the flex­i­bil­ity and choice that it of­fers. The in­tro­duc­tion of buyto-let fi­nance in the mid-1990s helped re­vi­talise the pri­vate rented sec­tor, and stan­dards and choice have both im­proved.”

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