Britain’s buy-to-let sector is witnessing a great impact from the new phenomenon of weekday rentals.
The ongoing recession and high unemployment figures have forced citizens to take up any job that is available. People are travelling far for work and the commute can be quite agonising. So it makes perfect sense to rent an inexpensive and very modest room or flat during the week, and then spend each weekend at home.
The demand for weekday rentals outstrips the current supply of such properties. Here is a potential business opportunity in the buy-to-let sector, as it is one of the few areas that has not been oversaturated.
Some 30,000 Britons are looking for inexpensive weekday rentals at any given moment, whilst only around 10,000 residential landlords actually offer such properties. But landlords can benefit from such an arrangement, especially those who rent out a suite or floor of their own home.
Most weekday tenants spend very little time in the rented property. They tend to work long hours during the week and return at the end of the day to sleep and almost often return home at the weekends.
This is indeed a good proposition as the average landlord can easily earn around £4,250 per year when they rent a room or suite to weekday tenants.
