28 May

Strong demand for buy-to-let homes 'not surprising'

Strong demand for buy-to-let homes 'not surprising'

The strong demand for buy-to-let homes in the UK at present is not surprising, it has been suggested.

According to Tom Entwistle, director of LandlordZONE.co.uk, rents are likely to hold steady for the time being.

He suggested that the inability of some potential first-time buyers to secure mortgages, combined with uncertainty about jobs, means rental demand will remain strong.

The expert added: "Couple this with a drop in supply as many 'reluctant landlords' have returned their properties to the sales market and you have a recipe for a hardening rentals market."

Mr Entwhistle also claimed that the uncertainty caused by the ongoing euro crisis will boost the sector.

His comments followed the release of figures produced by the Royal Institution of Chartered Surveyors, which revealed that surveyors are optimistic that rents will continue to rise.

It noted that the rental expectations net balance climbed to 36 per cent.
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