Landlords who own property to rent in London or in other cities in the UK are likely to be experiencing a rise in tenant demand.
According to research by Paragon, half (49 per cent) of landlords saw growing levels of demand for rented property in the first three months of the year, compared with five per cent who claimed to witness falling numbers.
In positive news for the private rented sector, some 52 per cent of landlords said they expect to see demand continue to rise.
Nigel Terrington, chief executive of the Paragon Group, commented: "Landlords are experiencing high levels of tenant demand, and this is expected to rise due to a number of factors, including social housing reforms, lifestyle choices, low numbers of first time buyers and wider demographic changes."
Meanwhile, the report also found that buy to let funding availability remains low, with 64 per cent of landlords saying UK mortgage offers for this type of loan are limited.
London Property to Rent
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