Rental demand soars

Posted: 21 Dec 2007 11:53:35 GMT

Landlords are benefiting from increased demand for rented accommodation.

Landlords are benefiting from increased demand for rented accommodation.

That is according to the Mortgage Trust, which has published research revealing that the average buy-to-let investor has to endure a void period of just two weeks.

It means that the average rental property is empty for around 13 days until new tenants are found.

Further to this, 30 per cent of landlords claim that they managed to find new tenants in less than a week, while 40 per cent said it took between one and two weeks.

"Much has been made recently of the problems investors have finding tenants for new build flats - and this has frequently been interpreted as being symptomatic of a decline in tenant demand for private rented property generally," said John Heron, managing director of Mortgage Trust.

"But speculative gambling on properties with no proven appeal to tenants is not representative of the buy-to-let market," he continued.

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MORE UK PROPERTY NEWS: December 2007

Prices set to rise in transport hotspots  Posted: 31 Dec 2007 16:45:48 GMT
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2008 will not herald major price falls  Posted: 28 Dec 2007 13:33:45 GMT
Predictions of doom and gloom in 2008 are wide of the mark, according to one expert.

Insulation for the nation in 2008  Posted: 27 Dec 2007 10:22:25 GMT
Millions of homes throughout the UK are not properly insulated, meaning that many people are missing out on huge energy savings.

Scotland sees impressive price growth  Posted: 24 Dec 2007 09:57:51 GMT
The largest property price growth was witnessed in Montrose, Scotland throughout 2007.

Two early rate cuts predicts Rics  Posted: 21 Dec 2007 11:54:18 GMT
The Royal Institution of Chartered Surveyors (Rics) believes that the base rate of interest will be cut to five per cent early next year.

Rental demand soars  Posted: 21 Dec 2007 11:53:35 GMT
Landlords are benefiting from increased demand for rented accommodation.

Graduates can get a mortgage  Posted: 20 Dec 2007 11:09:43 GMT
Mortgage lenders are not being put off from lending to professionals and graduates, even if they have bad credit.

House prices to stabilise in 2008  Posted: 20 Dec 2007 11:08:06 GMT
The Royal Institution of Chartered Surveyors (Rics) believes that house prices will level out over 2008.

Three interest rate cuts in 2008  Posted: 20 Dec 2007 11:06:50 GMT
Homeowners may find themselves in a far better financial position in 12 months' time.

High rents boost for landlords  Posted: 18 Dec 2007 10:58:43 GMT
Landlords continue to benefit from high tenant demand and increasing rents.

Landlord confidence remains  Posted: 18 Dec 2007 10:58:14 GMT
UK landlords remain confident about the future prospects of the sector.

1% house price rise next year  Posted: 17 Dec 2007 12:02:51 GMT
The average property price in the UK is set to rise by one per cent in 2008.

Professional tenants attractive to landlords  Posted: 14 Dec 2007 11:08:38 GMT
Most landlords prefer having professional tenants because they are able to pay more rent.

Rollout of Hips is complete  Posted: 14 Dec 2007 11:08:02 GMT
Home information packs (Hips) are finally a mandatory part of the home-selling process for all properties in England and Wales.

CML attacks sub-prime report  Posted: 13 Dec 2007 10:51:06 GMT
The Council of Mortgage Lenders (CML) has slammed a report from Citizens Advice, which accused the sub-prime mortgage industry of acting irresponsibly.

Money to be made in buy-to-let  Posted: 12 Dec 2007 17:45:44 GMT
There is still money to be made in the buy-to-let property market, according to the Building Societies Association (BSA).

Confidence high among landlords  Posted: 12 Dec 2007 12:04:00 GMT
Confidence remains high in the buy-to-let property market, despite some recent negative reports.

Investors can benefit from letting to students  Posted: 11 Dec 2007 11:54:20 GMT
Student properties offer good investment opportunities for buy-to-let investors, according to Assetz.

Prices rise and correction unlikely  Posted: 11 Dec 2007 11:53:11 GMT
House prices rose marginally in October, according to the latest Department of Communities and Local Government (DCLG) House Price Index.

Benefits of Hips highlighted by Ahipp  Posted: 10 Dec 2007 10:57:51 GMT
Home information packs (Hips) will benefit the property market and make it easier for first-time buyers (FTBs) to purchase a home.

November sees prices rise  Posted: 07 Dec 2007 17:07:21 GMT
Property prices in England and Wales increased by 0.5 per cent between October and November.

Buy-to-let remains successful  Posted: 06 Dec 2007 11:07:28 GMT
The UK buy-to-let market has been successful and will remain so in the future, according to the Association of Residential Lettings Agents (Arla).

London prices set to rise  Posted: 06 Dec 2007 10:59:21 GMT
Prime central London homeowners can expect to see the value of their properties increase by around five per cent in the new year.

Base rate U-turn  Posted: 05 Dec 2007 16:12:21 GMT
Leading economist Howard Archer believes that the base rate of interest will be cut on December 6th.

Price rises anticipated in the new year  Posted: 04 Dec 2007 10:28:04 GMT
Homeowners have been told that they can expect to see the value of their properties increase in 2008.

Empty homes on the decline  Posted: 03 Dec 2007 12:18:12 GMT
The number of empty homes fell between April 2003 and the same month in 2006.

Being close to family important to British homeowners  Posted: 03 Dec 2007 10:54:18 GMT
Homebuyers like to be close to their friends and family when they move.

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