Ren­tal price growth to slow

Yorkshire Post - Property - - PROPERTY -

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.

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