Rental de­mand to rise over five years

Yorkshire Post - Property - - PROPERTY -

CAP­I­TAL Eco­nom­ics, gen­er­ally seen as the gloomi­est of eco­nomic fore­cast­ers, says that in less than five years’ time, 17 per cent of house­holds will live in pri­vately rented ac­com­mo­da­tion.

At the momet 14 per cent live in rental prop­erty. The news will be an in­cen­tive for buy-to-let in­vestors able to ac­cess funds to in­crease their port­fo­lios.

The pro­por­tion of house­holds in pri­vate rented ac­com­mo­da­tion has been grow­ing steadily, af­ter stand­ing at ten per cent in 2001.

Ed Stans­field, chief prop­erty econ­o­mist, said de­mand was driven by stu­dents, im­mi­grants and first-time buy­ers un­able to ac­cess the prop­erty lad­der.

He says: “We think the most likely sce­nario is that the sec­tor will con­tinue to ex­pand.”

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