1 May

Landlord activity high in quarter one

Landlord activity high in quarter one

The number of houses being sold to landlords in the first three-month period of the year has continued to sit high, as confidence in the rental sector remains strong and people still turn to renting over buying.

According to Paragon Mortgages, the average landlord has increased their portfolio by 1.8 properties in the first three months of the year.

Confidence in the sector is also still high, with 57 per cent of landlords telling Paragon that they believe rents will remain high over the course of this year, with tenants not able to easily find mortgages to buy their own homes.

John Heron, director of Paragon Mortgages, said: “It has been a steady and progressive start to 2012. Whilst landlords are still benefiting from attractive market conditions, there is still a long way to go to meet the increasingly high level of tenant demand."

It was reported in March by BM Solutions that landlords were seeing a strong performance from their properties, with 4.8 per cent rental growth having been witnessed.ADNFCR-1222-ID-801354488-ADNFCR

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