1
May
Landlord activity high in quarter one
The number of houses being sold to landlords in the first
three-month period of the year has continued to sit high, as
confidence in the rental sector remains strong and people still
turn to renting over buying.
According to Paragon Mortgages, the average landlord has increased
their portfolio by 1.8 properties in the first three months of the
year.
Confidence in the sector is also still high, with 57 per cent of
landlords telling Paragon that they believe rents will remain high
over the course of this year, with tenants not able to easily find
mortgages to buy their own homes.
John Heron, director of Paragon Mortgages, said: “It has been
a steady and progressive start to 2012. Whilst landlords are still
benefiting from attractive market conditions, there is still a long
way to go to meet the increasingly high level of tenant
demand."
It was reported in March by BM Solutions that landlords were seeing
a strong performance from their properties, with 4.8 per cent
rental growth having been witnessed.