When choosing which area to invest in, you need to make sure it has a strong tenan demand – not just now but in the future. A recent report has revealed now is a great time to be swimming in the buy to let pool due to high tenant demands. The ARLA Propertymark July Private Rented Sector (PRS) report has revealed the number of prospective tenants is at its highest number on record, and this number continues to rise despite the pandemic
Phil Keddie, president, ARLA Propertymark, said: “Our latest figures show the rental market still continues to gather momentum following the reopening of housing markets across the UK.
“We have seen a record-breaking level of rental stock, and demand from tenants continues to grow, providing a positive outlook for the future of the private rented sector.
“For the market to fully recover from the COVID-19 pandemic, it is vital that landlords have good communication with their tenants, and that they continue to keep paying their rents, especially in light of rule changes and announcements impacting notice periods and additional government financial support being offered to tenants and landlords.”
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