3 Mar

Increased demand for houses to rent in UK to continue

Increased demand for houses to rent in UK to continue

More and more people could be heading to the estate agents to look for property for rent in the UK.

Demand for houses or flats to let rent in 2011 will remain strong and will continue well into 2012, according to the Association of Residential Letting Agents (Arla).

A lack of property in the private rented sector (PRS) means demand will also continue to outstrip supply, with a need for more buy-to-let properties.

In addition, four in ten Arla offices believe more buy-to-let investors will enter the market over the next year, which could help to alleviate housing waiting lists.

Ian Potter, operations director of Arla, said: "With more consumers depending on rental properties and new landlords coming to market, the government must act now to address the quality of the PRS housing stock."

The National Landlords Association (NLA) is fighting against council proposals which could limit the supply of property to rent in Newcastle.

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

The NLA says people looking for property to rent in Newcastle could face a decline in supply as a result.ADNFCR-1222-ID-800441405-ADNFCR

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