Demand is still growing for quality rental properties

Demand for quality rental property continues to grow, this year alone it’s grown by 7% against figures issued for last year. All the measures the Government have taken to curtail the buy-to-let market really don’t seem to of had the desired effect.

The problem is now that supply of properties has fallen by 13.8% in the same period. On average for every quality property available to rent in a Town/City location 3 people are in competition for the occupancy. As you can see this is causing great concern for prospective tenants across the whole of the UK, especially in the major Town/City areas.

On top of all these disturbing figures it is expected that the demand for rental properties is likely to increase well into 2018. Although there has been a significant increase in first time buyers securing a property many still cannot raise the necessary deposit.

All this is very encouraging news for landlords as they are very unlikely to have properties vacant at any time or not for long if they do. Also, with so much demand the long-term future looks very encouraging. Landlords have had so many setbacks of late, this news will be very welcome indeed. Existing landlords are still seeking to increase their portfolios.

Many estate agents across the country are reporting a high demand for the “lettable property”. One agent in the Kent area commented “demand is far out stripping supply at present and consequently rents are being driven upwards”.

Our professional advisers are very experienced in dealing with all types of buy-to-let mortgages both single and multiple. We have access to a vast range of plans and would be happy to discuss your requirements.