Shortage of Rental Property is Good News for Landlords

24 July 2012 Categories: News

Shortage of Rental Property is Good News for Landlords

ARLA, the Association of Residential Letting Agents has reported that demand for quality properties within the private rental sector is still firmly outstripping supply – a fact that can only spell good news for landlords and buy to let investors. The news comes following the bi-annual survey of ARLA members.

According to the results of the latest survey over 58% of members are still reporting a significant gap between supply and demand in terms of rental properties, an increase of 3% from the previous survey of December 2011. The south-east of the country seems to have the biggest supply deficit with 65% of ARLA members reporting high demand and low supply.

President of ARLA, Jane Ingram, commented on the findings of the survey by saying, “Our members are telling us that in much of the country there is still significant demand for rental property, especially from would-be first-time buyers, who simply can’t afford to get on to the housing ladder.”

She then went on to add, “Urgent action needs to be taken to ensure everyone who needs a home can find one, and at an affordable price.”

The continued high demand for rental property is of course promising news for buy to let investors, and especially those who are considering expanding their portfolios within the next few months.