Tenant demand still strong - Paragon

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Tenant demand remains strong with more than a third of landlords reporting growing demand for their property, the latest Private Rented Sector Trends report from Paragon Mortgages suggests.

Looking ahead, four in 10 landlords predict tenant demand will be above current levels in 12 months' time, while a similar number (41%) believe current levels will be unchanged in a year's time. The firm highlights this high level is reflected in low void periods, which stood at 2.75 weeks a year in the fourth quarter. Paragon notes void periods have generally been in decline since the third quarter of 2006 when they peaked at 3.1 weeks a year. The survey also suggests the average number of properties per portfolio increased to 13.2 from 12.1 in the third quarter. "There are opportuni...

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