Landlords anticipate rent rises to taper off over the next 12 months
According to the latest sentiment survey from UK lettings agent network Your Move and Reeds Rains, UK landlords expect annual rent growth to slow to 1.7% by next year, down from 3.7% currently. The proportion of landlords who will not raise their rents in the next 12 months has increased from 56% in September 2014 to 60% currently, with only a minority of 40% intending to increase their rental prices before March 2016.
The research also shows that over the last six months some 45% of landlords have witnessed an increase in tenant demand, rising from 41% of landlords in September 2014. As a result, the proportion of landlords who expect tenant demand to grow further now stands at 63%, up from 56% in January 2014. In turn this strong demand for homes to let is a considerable factor encouraging further investment into the private rented sector. Some 60% of landlords now believe that it is a good time to invest in buy to let, a rise from 54% of property investors in September 2014.
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