Demands from tenants on the up
Nearly half of landlords reported that tenant demand rose during the first quarter of 2011, buy-tolet mortgage specialist Paragon’s Private Rented Sector Trends Report says.
The quarterly snapshot of the private rented sector and buyto-let market shows that 49% of landlords recorded growing levels of tenant demand during the period, compared with just 5% who said it was falling. A full version of the report can be downloaded here.
The proportion of landlords reporting growing tenant demand was up from 40% during the final quarter of 2010. The proportion of landlords reporting