11 Jan

Tenant demand could grow in 2012

Tenant demand could grow in 2012

People who have property to rent in London could see themselves in a fine position this year, as many landlords across the country are expecting demand from tenants to increase.

According to a survey conducted by Paragon, 56 per cent of landlords are expecting to see tenant demand rising this year, while only six per cent expect it to fall. Last year, only 45 per cent of landlords said that they expected to see demand increase.

This means that rented accommodation could match the sales market, as it was revealed recently that the demand for property at the end of 2011 was helping to keep the market strong, according to the Royal Institute of Chartered Surveyors.

Nigel Terrington, chief executive of Paragon Group, said: "It is no surprise that landlords are expecting a healthy level of tenant demand in the New Year, based on the levels of demand we have seen steadily increase throughout the past 12 months."ADNFCR-1222-ID-801261681-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.