14 Jun

Demand rises for rental homes

Demand rises for rental homes

Demand for rental properties in the UK continues to rise, according to a new survey.

Research by BDRC Continental for Paragon Mortgages found an increase in the number of landlords experiencing a rise in demand for properties during the first three months of 2016.

In the last quarter of 2015, 34 per cent of landlords reported a rise in tenant demand, but this increased to 39 per cent.

The survey also revealed 79 per cent of renters are currently satisfied with the service provided by their landlord. This was further backed-up by an increase in the average length of time tenants are staying in their rental homes.

John Heron, director of mortgages at Paragon, said: "It’s good to see tenant satisfaction at such high levels. The sector often suffers from negative PR and the good work done by the vast majority of landlords to provide homes for those who cannot or do not want to buy goes unremarked.

"This survey clearly demonstrates that the Private Rented Sector (PRS) is increasingly providing longer term solutions in housing and that responsible and professional landlords are supporting the provision of housing to those that rely on the PRS for their home," he added.ADNFCR-1222-ID-801820161-ADNFCR

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