Buy-to-let landlords seek higher rents to offset interest rate pressures
Language: English Series: Property Forecast ; 10(06) June 2007, 6-7(2)Publication details: 2007Subject(s): Summary: Examines the likely future of the buy-to-let residential property market. Landlords are currently still expanding their portfolios. Even with house prices and interest rates continuing to rise, rental growth is sustaining yields of above 6%. Many landlords are reacting to rising rates and costs by increasing rents. RICS and ARLA both find tenant demand still increasing and outstripping supply. Demographics traditionally tied to renting are increasing due to the difficulties involved with buying in the current climate. Growth in single person rented households is widely expected. ARLA predicts 50% growth in buy-to-let by 2021.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L138696 (Browse shelf(Opens below)) | 1 | Available | 138696-1001 |
Examines the likely future of the buy-to-let residential property market. Landlords are currently still expanding their portfolios. Even with house prices and interest rates continuing to rise, rental growth is sustaining yields of above 6%. Many landlords are reacting to rising rates and costs by increasing rents. RICS and ARLA both find tenant demand still increasing and outstripping supply. Demographics traditionally tied to renting are increasing due to the difficulties involved with buying in the current climate. Growth in single person rented households is widely expected. ARLA predicts 50% growth in buy-to-let by 2021.