A third of landlords will increase rent this year according to a small research project undertaken by The Online Letting Agents.
Its study of 300 landlords shows that 11 per cent plan to sell some of their buy-to-let properties this year, as rising rents and a drop in rent arrears give landlords bumper yields.
But more than a third of landlords are planning to increase rent over the next 12 months and of those, over 30 per cent will be introducing rent increases of up to five per cent.
The research reveals that the majority of landlords are very optimistic about property prices, believing that they will continue to rise this year. During the next 12 months, over a third of landlords predict that property capital values will rise by between six and 10 per cent in their area, whilst some two thirds are more cautious, predicting price rises of up to only five per cent.
The agency says the number of people living in private rented accommodation has risen from 2.2 million in 2002/03 to nearly 3.9 million last year, helping bolster confidence in the sector.
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