1 Nov

Number of tenants for buy to let properties rise over Q3

Number of tenants for buy to let properties rise over Q3

The number of people looking to rent a buy to let property has risen over the third quarter of 2010.

According to figures released by Countrywide last week, there was a 19 per cent increase in how many tenants registered for rental accommodation during Q3 of 2010, taking the total number to 61,000.

These findings reveal that during 2010, there has been a rise of 44 per cent in the number of people seeking to rent buy to let properties.

In July 2010, there were 20,000 applications, representing the greatest demand for rental properties in Countrywide's records.

This comes after Paragon reported earlier in the month that four out of ten landlords considered there to more interest from tenants during the third quarter of the year.

Countrywide also found that while the demand for properties has increased, the number of places available to rent dropped by 6.9 per cent during the period compared with the previous quarter.ADNFCR-1222-ID-800208924-ADNFCR

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