Growth in tenant demand boosting UK property investors

Increasing demand from tenants is leading to a growth in the number of individuals looking to enhance their property portfolios in the UK, it has been claimed.

The latest Paragon PRS Trends Report has suggested that an increasing number of landlords were looking to expand the number of houses that they owned compared to the previous year.

According to the study, the most popular type of property for investors to purchase would be terraced housing, with over two thirds intending to buy this option.

In addition, a quarter revealed that in the first three months of 2010 they had seen a rise in demand for lodgings from tenants.

"Demand for property investment has remained strong during the recession and has improved since house prices stabilised," Nigel Terrington, Paragon Group chief executive explained.

He went on to add that the long-term outlook for landlords in the UK remained healthy, with the economic situation forcing many households to utilise rental services.

FindaProperty.com recently released the results of a poll which showed that 39.1 per cent of house hunters believed that a new government would be a good thing for the UK housing market.

Like this? Then share with your friends and colleagues!