30 Jan

Landlords 'may sit tight in 2012'

Landlords 'may sit tight in 2012'

Landlords who have private property to rent in London may opt to keep the homes they have and sit tight for a year in 2012, a new survey has shown.

According to the study conducted by the Association of Residential Letting Agents (Arla), the number of private sector landlords who say they are looking to increase their portfolio by buying more homes in 2012 has seen a slight fall from 27 per cent to 25 per cent.

The number who are expecting to sell at least one of their properties this year has risen from eight to nine per cent in the same period.

Ian Potter, Arla operations manager, said: "A healthy [private rental sector] is crucial in providing choice and flexibility for consumers across the housing market in 2012 and, ultimately, helping to provide more homes for more people."

Earlier this month, Arla predicted further changes in the rental market, as it found falling demand as well as a rise in the number of people with arrears.ADNFCR-1222-ID-801278712-ADNFCR

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