Buy To Let Demand Robust

Demand for rental properties will remain strong and continue well into 2012 says Landlord Assist, the nationwide tenant eviction and referencing firm.

Since the start of the recession thebuy-to-let sector has witnessed a surge in demand as many would-be buyers have struggled to get on the property ladder due to the strict lending criteria imposed by lenders and the challenge of raising large deposits.

This unprecedented demand has pushed up the price of the average rent in the UK and enabled buy to let landlords to increase their rental prices to record levels.

Graham Kinnear, Managing Director at Landlord Assist believes the buy-to-let market will remain strong for the foreseeable future for property investment landlords as the fragile economy is continuing to put off many would-be buyers from making such a huge commitment as purchasing a property.

He says: “Demand for rented properties is showing no signs of slowing down. The slow growth in the UK economic recovery has meant people are still wary about committing to something as huge as a mortgage and are turning to rented accommodation instead.

“At the same time rising unemployment levels, which have reached a 17 year high, have left many people worried about losing their job and with the cost of living also rising this is putting off would-be buyers from thinking about buying a house.