East of England landlords most confident about future

The survey carried out by BDRC on behalf of Paragon has found that over half of landlords in the East of England (53%) stated that they felt upbeat about the outlook for their own lettings business over the next three months.

More than eight out of 10 landlords in the region (81%) said that demand for rental accommodation in the area was either stable or increasing, while 81% in the East Midlands and 76% in the West Midlands reported the same.

John Heron, managing director of mortgages at Paragon (pictured above), said: “After an unprecedented level of change, it’s encouraging to see landlord confidence stabilising this quarter.

“At a regional level, the East of England and the Midlands look well supported, with encouraging data on tenant demand, yield and capital gains, while the London market adjusts its footing after many years of strong growth.”