|The country needs landlords!|
Rightmove have reported the biggest gap they've experienced between search activity on the site and rental property supply, with search activity now twice that of two years ago, whilst the rental stock on the site is down ten percent over the same period..
Tenants are sensing greater competition for rental property with 63% of tenants predicting rents rising over the coming year.
Miles Shipside, director of Rightmove comments has placed a call to action to property investors: “Attention investor landlords: now, more than ever, your country needs you! As well as potentially earning a good return on your investment compared to other asset classes, private landlords can help provide a long-term rented roof over a grateful tenant’s head. While hard-nosed rental investors may not welcome the appearance of too many new landlords if it results in downward pressure on rents, if you invest wisely it seems to be a genuine win-win of good rental yields for landlords and a secure stream of tenants paying a fair return.”
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