12 Feb

'Optimism seen by landlords'

'Optimism seen by landlords'

Landlords have retained a sense of optimism in the housing market, the chairman of the National Landlords Association has said.

David Salisbury claimed that, in the light of figures from Paragon Mortgages that showed rents have increased in the last year, landlords are still committed to offering "affordable" properties for their tenants.

And strong yields ought to encourage even further investment in the sector in the future, he argued.

"The chances are that, in the coming months, there will be increasing demand placed on the private-rented sector," he commented.

He added that both landlords and tenants will see the benefits derived from "well-managed portfolios".

Mr Salisbury also remarked that the figures fit in well with research from by own organisation that said 25 per cent of landlords think their portfolios will grow in the coming years.

Paragon's statistics noted that rents in 2007 rose by 19.4 per cent, 8.1 per cent in the final quarter.ADNFCR-1222-ID-18464630-ADNFCR

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