Tenant Demand on the Rise

Paragon Group has informed that more tenants were looking for property for rent during the second quarter of 2010.

The quarterly analysis of the private rented sector and buy-to-let market has revealed that almost a third of landlords reported increasing levels of tenant demand during that time, whereas only 10% of landlords reported it was decreasing during the second quarter.

However, the analysis has also shown that both of these figures increased in comparison with that of the first three months of the current year.

Nigel Terrington, of Paragon Group, said that tenant demand has been experiencing a stable growth for the last two years and, in all likelihood, it would continue increasing.

Many potential home buyers don’t buy property either because they can’t afford it or are unwilling to do so. On the other hand, there are more single person households and economic migrants in the country, which also contributes to the growing tenant demand.
 


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