Demand outstripping supply in the PRS
More than half of UK letting agents report demand outstripping supply in the Private Rented Sector, report ARLA.
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Ian Potter, operations manager at ARLA, said:
“Investing in a buy-to-let property has always been an attractive opportunity, and the high demand for rented property means there are a growing number of first time landlords in the market.”
However, letting out a property can be a complicated and daunting process. So today ARLA has set out the essentials for all first time landlords on what they should consider before investing in a buy to let property.
Mr Potter said:
“Making sure that your investment pays off takes hard work and commitment, but can be rewarding in the long term. If you’re a first time landlord, it’s crucial that you look for a licensed local agent to promote your property, and potentially also manage it.”
