Demand for rental properties set to increase say NRLA

According to the NRLA in Q4 of 2023, 63% of landlords reported increased demand from tenants, while in Q4 2019, 25% of respondents had reported an increased demand.

Despite these findings the survey also claimed 11% of respondents planned to increase the number of properties they let, while 30% said they would cut down on properties.

Ben Beadle, CEO at the NRLA, commented: “The demand for private rented housing is only set to grow, as it does, would-be tenants will face the reality that there are not enough homes to meet their needs. This is a result of deliberate efforts using the tax system to dampen supply.

“The country needs more of every type of housing, and that has to include new homes for private rent — the quicker the Government takes this into account, the sooner we can relieve the struggles renters face when finding a place to call home.”