29 Apr

Tenant demand 'set to stay stable'

Tenant demand 'set to stay stable'

The level of tenant demand in the UK is set to remain "stable" for the rest of 2009, it has been suggested.

Analysing the current state of the rental property investment sector, the managing director of smartlandlord.co.uk Keshav Thukaram listed a number of factors that could help sustain rental levels.

He stated that these include a reduction in the number of people making homes available to rent due to being able to sell them following improvements in the sales market, while increased self-employment and take-up of higher education opportunities is adding to demand.

Mr Thukaram contnued: "Yields are looking attractive and with the housing market nearing the bottom many landlords are looking at expanding their portfolios."

However, he warned that investors should get insurance against tenants becoming unemployed.

Taking out such insurance is one of the ways those renting out property can protect their income during the recession, Young Group advised earlier this week.

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