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Tenant Demand To Increase Rental Yield For Landlords
Landlords considering adding to their property portfolios may benefit from increasing levels of tenant demand.
Coupled with low levels of new rental homes coming onto the market, demand for affordable homes to rent pushed rents higher in the three months to April, according to the Royal Institution of Chartered Surveyors (Rics). Rics' Residential Letting Survey found that 42 per cent more surveyors reported that rents increased during the period, which is good news for buy-to-let investors.
Rental yields are predicted to rise further in the coming months, particularly in London, the Midlands and the south-east of England.
The survey found that 33 per cent more surveyors predict that rents will increase, which could spur investors to add more affordable homes to their portfolios.
James Scott-Lee, spokesman for Rics, said restricted mortgage finance is leading to "increased demand in an already oversubscribed rental market
Landlords with affordable homes to rent in Glastonbury could boost their income by arranging short-term lets during the famous music festival. The event could prove a worthwhile opportunity for buy-to-let investors faced with rental voids.
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Article date: 6/16/2011 12:00:00 AM