London’s private rental sector remains more positive than rest of UK

06 May 2012 Categories: News

London’s private rental sector remains more positive than rest of UK

According to property advice firm, Young Group, nearly half of the landlords they interviewed in the capital city recently are intending to add to their property portfolios over the next 12 months – a sure sign that the private rental sector inLondonis as strong as ever.

The findings of the firm’s research also showed that landlords in the city are much more positive about rental rises, with over 90% saying they fully expect rents to continue rising this year. In comparison only 70% of property investors around the rest of theUKthink the same thing. Similarly 85% of investors inLondonpredicted gains in capital whereas only 41% of landlords outside the city predicted the same thing.

Neil Young, CEO of the Young Group, commented on the findings saying; “Investors appear more committed to the Private Rental Sector than ever; a full 100 per cent of respondents indicated that they have no intention of liquidating Private Rental Sector assets over the coming twelve months. In fact 30% of investors are intending to hold their properties for at least the next 20 years and 62.5% for at least the next 10 years.”