More landlords 'now looking to make property investments'
Date posted: 15 Apr 2010
The second quarter of this year should see a rise in the number of landlords making residential property investments, new figures suggest.
Published by Tim Hill.
The coming three-month period is likely to see more landlords invest in residential properties, new research has suggested.
According to the latest PRS Trends Report published this week by Paragon Mortgages, the second quarter of this year could see as many as 12 per cent of landlords buy new properties.
Tenant demand for rental housing might be influencing the investment decisions of landlords, the Paragon Group's Nigel Terrington believes.
Mr Terrington, the organisation's chief executive, commented: "Landlords know that the long-term forecast for tenant demand is extremely healthy, with socio-economic and demographic changes leading to growth in the number of households calling the private rented sector home."
A total of 67 per cent of those landlords considering property purchases in the near future are aiming to invest in terraced houses, Paragon's research has shown.
Earlier this month, the National Landlords Association encouraged property owners to assess the financial credentials of those looking to rent properties from them.
Please contact Michaela Henson, Head of Property for further information or call 01223 225178
Click here to email or call on 0207 382 8060.
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