The private rental property market is beginning to attract attention from more than just Buy to Let investors, one expert has claimed. Chairman and chief executive of Chainbow - a specialist in residential property management - Roger Southam explained that future prospects in the sector are looking good.
As a result of the predicted growth in the rental market, "you've now got a lot of institution investors who are now starting to pick their heads up and look at the private rented sector as a serious investment class," he stated. Mr Southam went on to point out that historically residential properties have outperformed other sections of the real estate rental market.
In April, the Association of Residential Lettings Agents revealed that the average capital value of rental homes rose by 11.6 per cent. The organisation attributed the growth to rising prices in the London market and a significant increase in the number of family-sized properties entering the sector.