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Rents Will Go Up By Less Than Inflation, Say Landlords

Date Added 10/11/2014

Landlords are expecting rents to rise by 1.8% over the next year – below the target 2% rate of inflation.

This is despite the fact that most landlords expect to see tenancy demand increase.

The finding comes in an LSL ‘sentiment` survey out this morning, which also says that the number of landlords finding it harder to access mortgage finance has grown this year.

Although more landlords want to grow their portfolios, 42% who have tried to raise mortgage finance have found it more difficult than it was last year.

Altogether 1,114 landlords were polled in September, with the majority not expecting to raise rents over the next 12 months.

Of those who do, more than half cite covering the cost of inflation as their main motivation, with paying for maintenance work the second most significant reason.

Source: Propertyindustryeye
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