12 Jun

Private rental sector 'has remained strong'

Private rental sector 'has remained strong'

The private rental sector in the UK "has remained very robust" throughout the economic downturn, according to the managing director of the Buy-to-Let Show.

Oliver Romain said that the industry is "counter-recessionary" - a comment that may encourage more landlords to enter the market.

"Certainly as far as our business is concerned, I wouldn't say there has been a pick-up [but] I wouldn't say there has been a particular downturn either," he explained, before adding that a high demand for rental property still exists.

Mr Romain's experience of the private rental sector has come from the shows held by his organisation across the UK.

Events - which provide a source of free training and advice for landlords - are organised by the publishers of the trade journal Landlord & Buy-to-Let Magazine.

Landlords letting out their properties in May saw average asking rental prices reach £819, according to the latest FindaProperty.com Rental Index.
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