Demand for rented property 'soaring'

More than half of landlords think tenant demand is stable, according to Paragon’s research, and just 7% believe demand is falling. Paragon’s latest survey of landlords found a third felt demand is growing rapidly, up from 25% at the end of 2007 and the highest proportion since the survey began in 2004. A separate survey by the Association of Residential Letting Agents (ARLA) found half of landlords believe demand for private rented accommodation outstrips supply, rising to 52% and 59% in London and the South East respectively. John Heron, managing director of Paragon Mortgages, commen...