28
May
Strong demand for buy-to-let homes 'not surprising'
The strong demand for buy-to-let homes in the UK at present is not
surprising, it has been suggested.
According to Tom Entwistle, director of LandlordZONE.co.uk, rents
are likely to hold steady for the time being.
He suggested that the inability of some potential first-time buyers
to secure mortgages, combined with uncertainty about jobs, means
rental demand will remain strong.
The expert added: "Couple this with a drop in supply as many
'reluctant landlords' have returned their properties to the sales
market and you have a recipe for a hardening rentals market."
Mr Entwhistle also claimed that the uncertainty caused by the
ongoing euro crisis will boost the sector.
His comments followed the release of figures produced by the Royal
Institution of Chartered Surveyors, which revealed that surveyors
are optimistic that rents will continue to rise.
It noted that the rental expectations net balance climbed to 36 per
cent.
