Landlords see rise in tenant demand

Almost half of landlords in this country are reporting an increased demand for rental properties, according to the latest research by the National Landlords Association (NLA). Some 40 per cent have experienced a rise in tenant demand over the past three months, demonstrating just how important the private rented sector is in housing a growing number of people, the NLA said. The East of England witnessed the biggest net growth in tenant demand with a 48 per cent increase. This was closely followed by the South West – with 45 per cent increase – and the South East and outer London – with 41 and 40 per cent respectively. According to the research, just six per cent of landlords, on average, reported a decrease in tenant demand in the last three months. Landlords in the North East reported the largest net decrease in tenant demand of all the regions with a 15 per cent decline in demand, closely followed by 12 per cent in Wales and Yorkshire and 11 per cent in the North West. The research conducted by the NLA also found that 5 per cent of landlords will sell up following the Government’s plans to remove mortgage interest…