In 2011 one in five landlords had additional property on their portfolios

January 30, 2012

CIA Let Property Blog

A big percentage of people asked about renting in the capital (85.1%) said they thought rent would take a massive rise in 2012

It has been found that one in five landlords that are in the UK during 2011 added additional residential property assets to their portfolio. A new report has been ran for the private rented sector (PRS).

The city with the biggest percentage of landlords adding to their portfolios was London. A big percentage of people asked about renting in the capital (85.1%) said they thought rent would take a massive rise in 2012. According to every landlord who was interviewed, in London property values will either stay the same or will increase slightly.

The report, which was carried out during Q4 of 2011, showed that quite a substantial percentage of landlords (36.9%) wanted to keep their properties until 2031. An average for the future hold period was taken and it came in at 15.4 years.

Neil Young, CEO of Young Group, said of the research: “Without a doubt, the appetite from private investors in the PRS for additional investments is extremely strong.  The London rental market is particularly strong and demand from tenants seeking quality PRS accommodation shows no sign of abating, buoyed by a population that is spending longer than ever-living in rented homes and increasingly living in solo households.”*

*Quote from Simple

Advertisements
, , , , , , , , , , , , , , , , ,

Subscribe

Subscribe to our RSS feed and social profiles to receive updates.

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: