Tenant Demand Still Climbing - BMV Property Investment Deals

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Tenant Demand Still Climbing

Blog and News - Property Investment

Written by John Angeletta

Wednesday, 12 October 2011 11:41

Tenant Demand Still Climbing

Demand for private rented sector (PRS) property continued rising in the third quarter (Q3) of this year, according to a recent report by Paragon Mortgages.

They revealed that their landlords are experiencing healthy yields, low void periods and a rise in rental income.

Its PRS Trends survey shows 44% of landlords say tenant demand increased in Q3. Just 4% said it had declined with almost half (49%) saying they expect demand to keep growing over the next 12 months.

In addition, 34% of landlords say their rental income had risen in the last quarter.

There was a continued improvement in perception of availability of Buy-to-Let (BTL) finance, with 27% of landlords saying they felt mortgages are at least more reasonably available.

Nigel Terrington, CEO of Paragon says, Tenant demand has continued to increase for a third quarter, which is perhaps not surprising considering the current squeeze on the UK housing market as a whole ... More people than ever before are relying on the private rented sector so it is positive to see that landlords are looking to invest in their portfolios and are also diversifying the types of property in which they are investing in order to meet tenant demand.

See www.bmvpropertyinvestmentdeals.co.uk or call 0203 239 4359 to explore your safe Below Market Value purchase options.

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