23 Dec

Buy-to-let landlords 'to see strong rental demand in 2011'

Buy-to-let landlords 'to see strong rental demand in 2011'

A property expert has suggested demand for rental accommodation will remain high next year, with buy to let landlords likely to benefit from tightness in the mortgage market.

Chris Horne, editor of the Property Hawk website, said ongoing uncertainty about the economy will also persuade a large number of people to rent instead of buying their own home.

He explained that many prospective first-time buyers are still struggling to access mortgage finance, so are likely to remain on the books of letting agents for the time being.

Mr Horne added that reports suggest some landlords are looking to take advantage of current market conditions by increasing the number of properties in their portfolio.

"But that is only going to increase the rental stock very slowly over the next year or so," he said.

According to figures from the Rent Index, average rents in England and Wales have increased by 1.9 per cent over the past 12 months.ADNFCR-1222-ID-800310268-ADNFCR

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