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Landlords confident of rising demand for rented homes
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Property investors have said they expect tenant demand to remain strong over the coming months, according to one expert.

John Heron, from Paragon Mortgages, revealed that 54 per cent of buy-to-let landlords believe demand for rented property will rise over the next 12 months.

Demand is particularly high among students, immigrants and people that choose to rent rather than buy for lifestyle or financial reasons.

John Heron, Paragon Mortgages managing director, said: "We have consistently said buy-to-let has strong counter-cyclical qualities and we are now seeing concrete evidence of this.

"Potential home buyers are postponing purchasing decisions because they either feel uneasy about the current market or they simply can't get a mortgage, so they are renting."

Earlier this month, the National Landlords Association said the fundamentals of the property investment sector "remain strong".
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Date Published: 30 June 2008

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