Paragon Mortgages PRS Trends Report has revealed that nearly three times as many landlords reported that tenant demand was rising rather than falling during the second quarter of the year.
According to the quarterly snapshot of the private rented sector and buy-to-let market, 29 per cent of landlords recorded growing levels of tenant demand during the period, compared to ten per cent who said it was dropping.
The report, though, found that both of these measurables increased compared to the first quarter of the year.
Nigel Terrington, Paragon Group chief executive, commented: "Tenant demand has been rising consistently for two years and shows no signs of slowing down.
"Would-be home buyers continue to be unwilling or unable to step onto the property ladder, whilst longer-term social changes, such as greater numbers of single person households and economic migrants, are also creating more demand for rented property ."
The Consumer Credit Counselling Service claimed recently that a mortgage market recovery may lead to a rise in the number of repossessions as lenders enforce suspended possession orders after previous leniency.
Mortgage report reveals tenant demand is rising
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Mortgage report reveals tenant demand is rising
Tue, 20 Jul 2010
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