Record number of tenants want 'good transport links and local amenities' |
03 2007 |
| With demand for rental accommodation reported to be at a five-year high, landlords have been reminded of the importance of meeting the needs of tenants. According to the mortgage lender Paragon, the number of properties being rented across the UK has increased by "several hundred thousand" over the past ten years, driven by growing numbers of students, immigrants and young professionals unable to get onto the property ladder themselves. "There is solid and growing demand for decent, affordable rented homes in all parts of the country, but it is essential landlords purchase the type of property that meets tenants’ needs and expectations," explained John Heron, Paragon’s director of mortgages. "They want homes that are conveniently located for their place of work or study, with good transport links and local amenities." However, the strong demand for rental properties in comparison to the potential supply means that rents are continuing to rise, making it even more important for prospective tenants to shop around for the best deals.  |
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