Landlords have predicted tenant demand is set to remain strong throughout 2012, according to the results of a new survey.
Research carried out by buy-to-let lender Paragon Group revealed more than half (56 per cent) of respondents believe interest in renting property will either grow or boom in the new year.
This is up 11 percentage points on the same time last year, when the outlook was not as positive.
Chief executive of Paragon Group Nigel Terrington said…
“With the success of 2011 to build on, I believe the private rented sector will continue to perform and provide a valuable tenure choice for even more people in 2012.”
When questioned about rental incomes, 45 per cent of landlords said levels will increase in the next 12 months, while 53 per cent said it would remain stable.
Director of Spare Room Matt Hutchinson recently claimed renting out properties per room will be a noticeable trend in 2012.
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