Property investors are enjoying a rise in rentals income as expensive house prices continue to deter some buyers, new research has shown.
But there is evidence that demand for rental property is moderating as demand for apartments declines, according to Royal Institution of Chartered Surveyors (Rics).
Demand for family homes remains on the strong side, with 25.2 per cent more chartered surveyors reporting a rise than a fall in demand for houses.
Rics spokesperson Jeremy Leaf said: "With rents still on the increase many would-be-buyers will find accessing the housing market even more difficult.
"However, many landlords will still take solace from uncertainty in the economy and enjoy the gains from rising rents."
The majority of landlords are upbeat about next year's prospects, according to a new survey by Alliance & Leicester.
See Also: Property News (0)
Date Published: 18 December 2007
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