UK landlords seeing rise in tenant demand.

Almost half of landlords in the UK are reporting an increased demand for rental properties which is expected to continue over the next 12 months.
 
Some 43% have experienced a rise in tenant demand and it is being driven by young people and families, according to the latest research by specialist buy to let lender Paragon Mortgages.

It also shows that 51% expect this level of growth to continue over the next 12 months with 47% renting to young couples, 43% to young singles and 42% to families with children.

"It is no surprise that rental demand is steadily increasing. With continued stress on the housing stock driving prices up, tough affordability hurdles for would be buyers and a social rented sector under pressure as a result of renewed interest in right to buy, a steady increase in rental demand was practically inevitable,’ said John Heron, Managing Director of Paragon Mortgages.

‘It is important that landlords continue to expand the supply of rented property in order to maintain balance and so avoid unsustainable increases in rents. A healthy, competitive and innovative buy to let market is critical to this,’ he added.

Here at YOUR AGENT we currently have a 99% occupancy rate. With demand outstripping supply.So if your a landlord with emprty properties across Swansea, Neath, Port Talbot & Bridgend give us a call.