9th Dec, 2015
The UK private rental sector has reported a rise in tenant demand and rental yields, as the third quarter of the year sees rental properties continuing to be a popular choice for residents.
According to a recent survey, the highest levels of demand were reported between July to September 2015, with over 41% of landlords noticing growth in demand from tenants. Buy-to-let owners across the East of England saw the highest rise in demand with 52% reporting an increase in quarter three. The figures represent a strong year on year increase in tenant demand since the third quarter of 2014.
Yorkshire and Humber reported the highest rental yields in the quarter at 6.1%; this figure sits above the 5.6% national average in the third quarter. As London and South East demand slows down and yields in other regions grow, quarter three represents a rebalance of the national economy.
With the popularity of rental properties, the PRS reflects a positive economic outlook for the UK.
Article source: rman.co.uk
Image source: pixabay.com
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