High rental yields encourage continued investment in the market
Published: 07-Feb-2008
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Professional landlords are continuing to display confidence in the rental market.
That is according to the NLA, which maintained that the last year's huge rise in rental incomes would encourage continued investment in the market.
David Salisbury, chairman of the NLA, asserted that the increase reflected the fact that landlords were "firmly committed to providing decent and affordable accommodation for those who choose to rent".
He also said that the figures were in line with recent research by the NLA, which found that one in four landlords anticipated their property portfolios to "expand considerably" over the next five years.
Mr Salisbury went on to add that strong rental yields were "critical" in influencing continued investment in residential property, particularly during a market slowdown.
"The chances are that, in the coming months, there will be increasing demand placed on the private-rented sector and well-managed portfolios can only serve to benefit both tenants and landlords alike."
Rents increased by 19.4 per cent in 2007, according to Paragon Mortgages.
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