Demand for renting continues to grow

The results of the survey also revealed that just 7% of landlords thought that during Q1 tenant demand declined and 46% said that levels remained stable.

Professional landlords were more likely than smaller-scale landlords to think that demand was growing.

The survey also asked landlords to comment on expectations of demand levels in the next 12 months, 53% said they believed demand would continue to grow and 36% said that it would stabilise.

Landlords were also asked about the most prolific tenant types they let to across their portfolio. The most popular household type was young singles with 35% of landlords letting to them.

This was followed by young couples and families with children both at 24%.

Nigel Terrington, chief executive of Paragon Group, said: “Levels of tenant demand for the most part remained steady throughout the first quarter of the year.

“This shows the continuing importance of the private rented sector as the tenure of choice for many people.”