'Buoyant letting market' in UK

News Category: Industry News

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The letting market in the UK continues to be buoyant, according to industry website Smartlandlord.co.uk.

Even though a number of reports suggest the sales market is picking up again after 12 months of price drops and lower-than-average transactions, rentals are still sought-after.

Nationwide Building Society released research recently that indicated property prices had started moving up again.

However, Smartlandlord.co.uk said that demand for smaller rental homes "remains strong", while there is also plenty of supply as so-called accidental landlords still figure in the market.

"The current economic climate is forcing more people into higher education and the number of self employed is also increasing," said the web-based firm. "This is pushing up tenant demand and on the whole, rents will remain fairly stable for the rest of this year."

Many landlords are currently looking to expand their property portfolios in the coming months, it added.

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