30
Jan
Landlords 'may sit tight in 2012'
Landlords who have private
property to rent in London may opt to keep the homes they have
and sit tight for a year in 2012, a new survey has shown.
According to the study conducted by the Association of Residential
Letting
Agents (Arla), the number of private sector landlords who say
they are looking to increase their portfolio by buying more homes
in 2012 has seen a slight fall from 27 per cent to 25 per
cent.
The number who are expecting to sell at least one of their
properties this year has risen from eight to nine per cent in the
same period.
Ian Potter, Arla operations manager, said: "A healthy [private
rental sector] is crucial in providing choice and flexibility for
consumers across the housing market in 2012 and, ultimately,
helping to provide more homes for more people."
Earlier this month, Arla predicted further changes in the rental
market, as it found falling demand as well as a rise in the number
of people with arrears.