Landlords expect to buy more in 2013
Landlords are providing their tenants with stable long-term tenancies as people shift away from home ownership toward more flexible forms of accommodation, according to research from the National Landlords Association.
Its latest quarterly landlords panel shows that over half of tenancies now last between two and three years and that almost a third (32 per cent) last in excess of four years.
However, the report also finds that almost half of landlords surveyed have experienced rental arrears in the last 12 months.
A further 37 per cent are worried about tenants not paying the rent on time in the months ahead.
The research also shows that the proportion of landlords who have added property to their portfolio has risen by two per cent this quarter (from 10 per cent). Almost a quarter – 22 per cent – of landlords expecting to buy at least one additional property in the next 12 months.
However, investment to meet growing property demand seems to be problematic for some. Nearly a third (31 per cent) of landlords said they were unable to unable to expand in the last three months due to difficulties getting finance for the deals.