Rental rises to slow as landlord numbers increase
The rise in the amount of landlords coming on to the housing market in the UK is set to slow the increase in rent prices.
This is according to the latest figures from Rightmove, as the company notes that investment within the buy-to-let sector is due to grow substantially over the coming year allowing rents to drop down in cost.
Rightmove noted there has also been a significant rise in the amount of “accidental landlords” on the market with these types of property leasers now accounting for 30 per cent of all private landlords.
Miles Shipside, director and housing market analyst at Rightmove, said: “A marketplace where landlords are achieving satisfactory returns will relieve some of the supply pressure in 2013, though the task seems to be falling on the comparatively rag-tag army of private landlords rather than more strategic institutional investment.”
It comes after the company’s Consumer Rental Forecast found that 74 per cent of landlords were looking to expand their portfolio during 2013.
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