This marks an 8 per cent increase in the number of landlords who believe that demand is better than ever, although three in five would disagree, believing it is just as stable as ever. One thing all landlords happily agree on though is that the high levels of demand show no signs of flagging just yet.
Managing director of Paragon Mortgages, John Heron supports this saying: “Tenant demand is fuelled by social and demographic factors, in particular the number of students, young professionals and immigrants that live in rented accommodation.
“As borrowing costs rise, people will find it more difficult to afford mortgages and will be forced to postpone getting on the property ladder. Confidence among landlords is at its all time highest level and the average void period is down this quarter to three weeks a year.
“We can expect a busy year for landlords – with a rapidly increasing number of households in the UK and a long term shortage of homes, demand for housing looks set to continue rising and buy-to-let can only benefit.”
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