Highly experienced landlords have reported that tenant demand is still strong for their properties. Even better, 40% are of the opinion that this demand will be even higher in twelve months time, very heartening indeed.
Rising rates of return are also reported with the average yield across a landlord’s portfolio standing at 6.1% though nearly a third report even higher figures than that. So the doom and gloom is not total in our sector by any means.
One figure that should provoke a bit of gloom, however, is the really rather large number of landlords who indicate that they still have not obtained Energy Performance Certificates for all their properties.
Most of you (hopefully all) will be aware that it became a legal requirement for these to be made available by the landlord to the tenant in October 2008.
There are still 45.6% of landlords surveyed who indicate they are not complying with this legal requirement. This is actually a vast improvement on the last quarter but still not really good enough. We need to pull our socks up and fall into line. Not to is just asking for trouble.
