More demand for flats to rent in London?
There may have been an increase in demand for flats to rent in London in the three months to the end of September, new research has suggested.
According to Paragon Group's Private Rented Sector (PRS) Trends report, more than a third of landlords identified a rising number of individuals seeking tenancy during the third quarter of the year.
Over two-fifths of property owners believe there will be a greater number of people looking to rent in 12 months' time, the study found.
Commenting on the results, Nigel Terrington, Paragon Group chief executive, said: "Demand for private rented property is buoyant and many landlords have tenants competing for their properties."
He added the third-quarter results demonstrate the low levels of lending currently taking place in the owner-occupier market.
Because of this, property owners are experiencing a higher demand for rented accommodation due to individuals being either unable or unwilling to buy, Mr Terrington stated.
Last week, Mark Garner, director and founder of LettingZone, noted more people could be choosing to stay in their rented homes because a decision to move may not be financially wise.
Posted by Ben Carter
Published 19th October, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
A report has revealed a strong demand for privately-rented property during the third quarter of 2010.