24/12/2021
The demand for private rental housing is at a record high ⬆
57% of private landlords across the UK and Wales have recently confirmed in a recent survey that demand for private rental homes had increased in the third quarter of 2021. This is up from 39% in the second quarter of the year.
68% of landlords operating in outer London reported an increase in demand, up from 25% in the third quarter of 2020. In central London, 54% reported increased demand, up from 16% at the same time last year.
Ben Beadle, Chief Executive of the NRLA, comments: “As demand picks up following lockdown measures, we need a stimulus to support responsible landlords to provide the homes to rent we vitally need. Without this, it will ultimately be tenants that suffer as a result of less choice, higher rents and the resulting difficulties they will encounter when looking to become homeowners.”
Elsewhere, landlords operating in the South West reported the strongest demand with 79% saying that demand had increased in the third quarter of the year. This was followed by 74% in the South East (excluding London), 73% in Wales and 71% in the West Midlands.
Despite the booming demand, the same proportion of landlords plan to reduce the number of properties they rent out as planned to increase them at 19%.
Source: https://bit.ly/3IDLLLF
