Buy to let landlords increase rents as demand rises

27 August 2010

Written by Jeni Browne

Buy to let landlords have been able to increase rents as demand for leased property grew in the second quarter, research has revealed.

According to the latest Royal Institution of Chartered Surveyors Residential Lettings Survey, 27 per cent more respondents noted a rise in the amount tenants were paying for property than a fall.

This was the second quarter in a row rents increased, while the study also marked six months of expansion in occupant demand.

There were 26 per cent more chartered surveyors posting a rise in the number of people looking for accommodation than those who reported a drop.

Supply in housing has fallen for four quarters in a row, the study revealed, with the net balance of respondents reporting a decline in landlord instructions at -6, compared with -12 between January and March.

Chairman of the National Landlords Association David Salusbury commented: "The growing need for private-rented accommodation demonstrates the importance of the role played by residential landlords."

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