Monday 12 March 2012
It has been reported that the number of landlords that live at a distance from the properties they rent out is rising.
Research conducted by the Association of Residential Letting Agents (ARLA) has shown that the trend for long distance landlords is starting to dominate the property market.
The ARLA research also showed that this trend is most popular in London where there is approximately twice as many properties with long distance landlords as the rest of the UK.
Operations Manager at ARLA, Ian Potter commented on www.houseladder.co.uk that "It is a common phenomenon for landlords to let properties in different parts of the country and it is likely that trend will grow."
Mr Potter believes this trend has been instigated by home owners choosing to rent out properties as opposed to selling. This has been boosted further by parents buying property for their children at university, choosing to continue to act as landlords after their children have graduated.