Rental demand soars

Posted: 21 Dec 2007 11:53:35 GMT


            Property News - Rental demand soars

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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