Private rental market remains 'robust' through recession

News Category: Industry News

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An increase in overall demand in the rental market has allowed the lettings industry to remain healthy through the recession, according to an expert who also foresees further potential gains for prudent landlords.

Oliver Romain, managing director of the Landlord & Buy-to-Let Show, has stated that although certain landlords have made losses on expensive city centre properties, most have found that business has remained stable due to effective forward planning.

He said: "The majority of landlords who let their properties as part of a long-term investment are doing very well."

Mr Romain's optimism in the market may be reflected by FindaProperty's May index, which demonstrated slight monthly rental growth in a number of regions including the south-east, Scotland and the West Midlands.

Furthermore, Mr Romain suggested that potential investment opportunities are available in the property market to landlords with sufficient capital, as lower average housing prices may mean that "yields are at an all-time high".

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