12
Jun
Private rental sector 'has remained strong'
The private rental sector in the UK "has remained very robust"
throughout the economic downturn, according to the managing
director of the Buy-to-Let Show.
Oliver Romain said that the industry is "counter-recessionary" - a
comment that may encourage more landlords to enter the
market.
"Certainly as far as our business is concerned, I wouldn't say
there has been a pick-up [but] I wouldn't say there has been a
particular downturn either," he explained, before adding that a
high demand for rental property still exists.
Mr Romain's experience of the private rental sector has come from
the shows held by his organisation across the UK.
Events - which provide a source of free training and advice for
landlords - are organised by the publishers of the trade journal
Landlord & Buy-to-Let Magazine.
Landlords letting out their properties in May saw average asking
rental prices reach £819, according to the latest
FindaProperty.com Rental Index.
