Tenant demand across many parts of the country remains strong, making it a shrewd time to invest in a buy-to-let property.
New research by the National Landlords Association (NLA) shows 40 per cent of landlords believe there has been an increase in the number of people looking to rent a property in the last three months, compared with just six per cent who think there has been a slowdown in the market.
It means the majority of those letting out a property have experienced either steady or rising demand over the last quarter.
Allison Thompson, lettings director at Leaders, says: “These figures underline just how much confidence landlords have in the rental market at the moment. High tenant demand is driving down voids and helping to lift rents in many areas.
“Of course, this makes it an extremely favourable time to invest in a new buy-to-let project, safe in the knowledge that tenant demand in your area is likely to be strong, making it possible to secure a quality tenant and achieve a good rental return.”
The NLA’s study identified the east of England as the place in which tenant demand recorded the largest net growth over the three months in question, rising by 48 per cent. It was closely followed by the south-west (45 per cent) and the south-east (41 per cent).
Such locations could be attractive options to those looking for a rewarding buy-to-let property.
Allison adds: “It is up to individual landlords to work out their priorities - whether these are the potential for capital growth, substantial yields or high tenant demand - and to choose the best place to invest accordingly.
“Our branches are staffed by local experts who will be only too happy to help investors, regardless of what stage they are at in their lettings journey, and can help them to pinpoint the benefits of becoming a landlord in their area.”
For advice you can trust on all aspects of buy-to-let and being a landlord, please contact your local Leaders branch today.