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Landbay comment on Index of Private Housing Rental Income
20 July 2022
Paul Brett, managing director, intermediaries at Landbay, said: “Rents have been steadily rising over the past year and have hit a record growth rate of 3%. This reflects tenant demand which remains high while supply in some parts of the country is particularly low.
“The private rented sector is an essential part of the housing mix and we need more rental properties to be available. Despite reports of landlords selling up, many are expanding their portfolios and new, especially younger investors, are coming into the market.”
