Landlords prefer semi-detached
A survey recently put out by Paragon the buy-to-let lender shows that 35% of landlords prefer the semi detached property when searching for a property to rent out, that figure is up from 23% in the last quarter of 2014.
Terraced properties have reportedly fallen out of favour of prospective landlords, over the last three months such demand as a buy-to let has dropped from 67% to 35%, flats appeared to be the least in demand at around 30%.
According to a report just out, John Heron, director of mortgages at Paragon, said “those operating in the sector were looking to expand into new areas, buoyed by increased confidence. The growing proportion of landlords looking to purchase buy-to-let property sometime soon points to continued, steady growth in the private rented sector.”