Buy-to-let's 12-year boom

People with buy-to-let mortgages will be glad to hear that tenant demand has increased vastly in recent years.

Figures from the Department for Communities and Local Government (DCLG) show that the proportion of households that are rented privately in England is on the rise.

In its report, Housing in England 2005-06, the DCLG reveals that the proportion of 25 to 29-year-olds in rented accommodation increased from 19 per cent in 1993 to 35 per cent in 2005.

In the 25 to 34-year-old age group, the proportion of private tenants increased to 21 per cent in 2005 from just 11 per cent in 1993.

It is good news for buy-to-let investors as it means that people are increasingly looking for property to rent and that means that fewer landlords will have to endure periods of time when they have no tenants.

A recent report by the Association of Residential Lettings Agents (Arla) revealed that record rents are currently being charged in the UK, partly down to strong demand.

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