3 Mar

Buy-to-let market sees rents rise

Buy-to-let market sees rents rise

Buy-to-let investors could see greater return from their properties as tenant demand pushes up rent prices.

In the three months to the end of January, rents rose at a "rapid pace", according to the Royal Institution of Chartered Surveyors (Rics).

Rics' Residential Lettings Survey found that 40 per cent more chartered surveyors saw rents rise instead of fall – the highest positive reading in the survey's history

As a result gross rental yields have also increased, with positive growth reported in each of the last four surveys.

In addition, the number of surveyors reporting increased demand for flats and houses to rent in the UK has risen by 32 per cent.

RICS spokesperson Jeremy Leaf said: "The current buoyant state of the rental market is likely to persist for some time to come.

"Demand for property to rent will remain strong and ... will continue to outstrip supply."

The National Landlord Association (NLA) is fighting proposals which would make it difficult for buy-to-let investors to offer shared houses to rent in the area.

Under council plans, all new Houses of Multiple Occupation (HMOs) - homes shared by three or more people – would require planning permission.ADNFCR-1222-ID-800441412-ADNFCR

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