Rise in rental demand to benefit buy-to-let investors?
Buy-to-let property investors in the UK could be set to benefit, as an increase in demand for rental homes has been predicted.
Steven Hilton, spokesman for the National Landlords Association, explained that many young people are unable to afford buying a home.
"The reality is that being a homeowner for an increasing number of younger people is an unrealistic expectation nowadays," he remarked.
A lack of finance rather than high prices is to blame for this, Mr Hilton said, with the flexibility offered by rental accommodation also attracting many people.
He also observed that property investment represents a long-term commitment and not all consumers are prepared for this.
Research by Spareroom.co.uk revealed this week that people are now renting for longer, with the age of the average tenant rising from 25 in 2006 to 28 this year.
Lodging has also increased, with a 67% growth in numbers being observed over the last 12 months.
< Back to latest news