LONDON, February 29, 2012 /PRNewswire/ --
It's no big secret that the Buy-to-Let market somewhat boomed last year; in the three months alone to October 2011 the average number of properties per landlord rose to a very healthy 13 strong.
The state of the property market and the financial struggles that we have been burdened with has resulted in an influx of demand for rental properties. The situation had arisen whereby demand far outstripped supply, and, on average, some five tenants were all vying for the same property.
Joe de Vries, of PropertyQuoteDirect, has been commenting: "Last year we saw a real rise in the number of new landlords buying into the boom in demand. We also saw those already established landlords adding to their portfolios in order to attempt to keep up with demand."
Mr de Vries also offered a warning to all tenants: "Unfortunately with this rise, the number of rogue landlords was also high. Rogue landlords are an ongoing problem that the government are trying to tackle and all tenants must be aware of the threat rogue landlords pose."
Mr de Vries further added that the outlook for landlords in 2012 is "largely positive". A recent survey that was carried out revealed that 77% of all landlords questioned were feeling more positive about 2012 than they were about 2011. This optimism should again lead to an increase in property portfolios for professional landlords.
PropertyQuoteDirect is a part of the Bedford Insurance group and is a leading landlord insurance website. To find out more, or to request a tailored quotation for your property, please visit the PropertyQuoteDirect site today.
Joe de Vries