Rental demand hits a five-year high

Rental demand hits a five-year high

Demand for rental properties is at the highest level recorded since the first quarter of 2016, a new survey carried out by the National Residential Landlords Association shows.

A total of 39% of landlords in England and Wales reported an increase in demand in Q2 2021, up from 31% in Q1.

The association says a “two-tier” rental market is continuing to develop as well, with the majority – over 60% – of landlords in Yorkshire and the Humber, the South West and South East and Wales registering rising demand.

Over the past few months, there has been a rise in landlords purchasing a property. There has also been an increase in first-time landlords entering the buy-to-let sector. Many have been enticed by the stamp duty holiday and low interest rates. Clearly, landlords are seeing this trend and acting accordingly.

Rental properties are in demand and there seems to be a shortage of houses. Do you have money to invest? Talk to our Buy to Let mortgage experts see how you can capitalize on this demand and start your landlord journey or expand your portfolio.

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