Rental price growth to slow
RENTAL price growth is likely to slow in 2013 as new and existing private landlords look to invest, accoprding to Rightmove.
One in eight “accidental landlords” who let their own homes expects to buy an additional investment property this year, completing the transformation from “creditcrunch casualty” to active buy-tolet investor.
The proportion of those looking to invest for the first time is also at highest level for more than a year (44 per cent per cent).
Further Rightmove research finds that 74 per cent of professional landlords intend to expand their portfolios this year.
Miles Shipside of Rightmove says this will create much-needed supply for tenants.