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UK PRS Landlords Confident About Continued Strong Tenant Demand
As we reported yesterday (UK Property Boom Continues – Spotlight – 7th January 2014), the private rented sector boom looks set to continue throughout 2014 and a recent survey conducted by LSL Property Services, has discovered that six in ten […]
UK PRS Landlords Expect Tenant Demand To Increase
UK PRS Landlords Confident About Continued
Strong Tenant Demand
As we reported yesterday (UK Property Boom Continues – Spotlight – 7th January 2014), the private rented sector boom looks set to continue throughout 2014 and a recent survey conducted by LSL Property Services, has discovered that six in ten UK private rented sector landlords agree.
The LSL survey of 2,195 private rental sector landlords found:
- 58% of UK PRS landlords are confident that tenant demand will continue to increase over the next twelve months
- 41% of UK PRS landlords reported growth in tenant demand in past six months
- 16% of UK PRS landlords expanded rental property portfolios during 2013
- 18% of UK PRS landlords expect to expand their rental property portfolios in 2014
- 10% of UK PRS landlords expect tenant demand to fall
- 6% of UK PRS landlords experienced a drop in tenant demand
- 77% of UK PRS landlords believe now is a good time to buy or sell rental property
- 71% of landlords cited attractive property prices
- 50% of UK PRS landlords highlighted better capital returns on offer compared to other types of investments
- 47% of landlords said that strong tenant demand was a key investment driver
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