LANDLORDS FEELING POSITIVE ABOUT THE RENTAL SECTOR

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06th December 2011

LANDLORDS FEELING POSITIVE ABOUT THE RENTAL SECTOR

Research by Paragon shows that landlords are feeling upbeat about the prospects for the private rental sector next year and those landlords will be looking to invest in more properties over the coming months.

The survey revealed that over the next 12 months; more than a fifth of landlords surveyed expect to purchase additional properties during 2012.

Only a small number are considering reducing their portfolio. The average portfolio size for a landlord in the earlier part of the year was 12 properties, which has climbed to 13 during the latter part of the year.

When asked about the properties owned, 58% owned a flat, 48% owned a semi-detached house and 24% a house of multiple occupancy. However, the most popular property type owned were terraced houses, with 65% of landlords owning at least one.

The study also showed that more than half of landlords are feeling more positive about being a landlord and 55% rating the prospects for the private rental sector in the next year good or very good.

Managing director John Heron of Paragon said “This is an interesting time for the private rented sector as landlords are experiencing very high levels of tenant demand as other areas of the housing market are comeing under increasing strain.

“Looking at the year ahead, I am pleased to see that landlords are expecting to add to their portfolios as there is no sign that tenant demand is going to slow in 2012.

For a free Buy to Let mortgage quote contact Martin & Co mortgages at info@martincomortgages.co.uk . At Martin & Co Chelmsford we are aware that your property is an important investment and serious financial venture. That’s why we take it as part of our responsibility to look after your property to the best standard and provide landlords and tenants with a pro-active property management team.

Contact Stephen Frost on 01245330500 or email stephen.frost@martinco.com to discuss your investment further.

Martin & Co has always concentrated fully on lettings & management and providing a professional first class service to landlords and tenants. We believe we are setting the standards in Lettings.

We let and manage a wide range of properties throughout the areas of the Chelmsford Town Centre, Moulsham, Springfield, Broomfield, Boreham, Newland Spring, Chelmer Village, Chancellor Park, Beaulieu Park, Great Baddow, Galleywood, and Writtle. Whether you have a studio flat or luxury country estate our service goes above and beyond what our competitors provide. We’re fully focussed on letting, managing your property and providing top class advice to you.