Landlords are providing their tenants with stable long-term tenancies as people shift away from home ownership toward more flexible forms of accommodation, according to research from the National Landlords Association (NLA).
The NLA's latest quarterly landlords panel shows that over half of tenancies now last between two and three years and that almost a third (32%) last in excess of four years.
However the report also finds that almost half of landlords surveyed have experienced rental arrears in the last 12 months and 37 per cent are worried about instances of arrears in the months ahead.
The research also shows that the proportion of landlords who have added property to their portfolio has risen by 2 per cent this quarter (from 10 per cent), with 22 per cent of landlords expecting to purchase additional property in the next 12 months.
However, investment to meet growing property demand seems to be problematic for some, with nearly a third (31 per cent) of landlords unable to expand in the last three months due to difficulties accessing finance.
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