15 March 2005
Landlords are picking up more properties as demand from tenants grows, says Paragon Mortgages.
Its first quarter survey showed that there has been a rise in the average size in landlords' portfolios for the third consecutive quarter.
In the last nine months many portfolios have grown by 15 per cent.
"Between early 2002 and summer 2004, the general trend in voids was upward, but now we seem to have turned the corner," said John Heron, the managing director of Paragon Mortgages.
The typical landlord replying to the survey currently owns 13 properties - up from just over 11 properties last May.
The fact that people are less willing to get tied into buying property at present is of enormous benefit to landlords.
"The reticence of many potential owner occupiers to commit in the current market feeds through into stronger demand for rented accommodation," Mr Heron added.
"At the same time, in this quieter market environment, landlords have been able to negotiate particularly good deals on properties they are interested in purchasing as buy-to-let investments."
Almost 25 per cent of landlords believe demand for rented property is growing.
This compares with just 19 per cent last quarter and just under 21 per cent two quarters ago.
©2004, 2005 Weboptimiser Media Ltd & DeHavilland Information Services plc
Useful resources :
Cut and paste this code:
![[Valid RSS]](http://www.ukproperty-news.co.uk/images/valid-rss.png "Validate my RSS feed"){kind=small}
RSS explained
You should always validate an advertiser independently.
By Search engine marketing company Weboptimiser Media Ltd