There appears to be no let up in the demand for rental properties across the UK and in a recent landlords survey, more than one third of landlords said they were planning to increase their rents in the New Year. Unsurprisingly, only 1% of landlords polled said they had plans to reduce their rents in the New Year.<\/p>\n
Is demand for rental property likely to continue rising?<\/strong><\/p>\n Well I don\u2019t have a crystal ball, but the signs are good that rental demand looks set to increase over the next twelve months. Demand for rental property<\/a> in some areas, (particularly London and the south east), is far outstripping available homes and experts predict that it is highly unlikely that this trend is going to suddenly change.<\/p>\n Why is demand so high?<\/strong><\/p>\n First time buyers are still finding it almost impossible to get a foothold on the property ladder. Banks and building societies have not relaxed their lending criteria, so anyone wanting to purchase a property needs a substantial deposit in hand before applying for a mortgage. Unfortunately, with the cost of living so high, most people have nothing left at the end of an average month, so saving for a deposit is impossible.<\/p>\n However, there are many good deals for prospective investors hoping to purchase a buy to let property or add further properties to their existing portfolio, and since interest rates on savings accounts are so dire, investing in buy to let<\/a> property is considered a good move for those who want to make their savings work harder.<\/p>\n","protected":false},"excerpt":{"rendered":" There appears to be no let up in the demand for rental properties across the UK and in a recent landlords survey, more than one third of landlords said they were planning to increase their rents in the New Year. … Continue reading