PRS demand outstripping supply

The increasing demand for rental properties is creating a new investment opportunity for first-time landlords, said the association.

Ian Potter, operations manager at ARLA, said: “Investing in a buy-to-let property has always been an attractive opportunity and the high demand for rented property means there are a growing number of first time landlords in the market.

“Making sure that your investment pays off takes hard work and commitment but can be rewarding in the long term.

“If you’re a first time landlord, it’s crucial that you look for a licensed local agent to promote your property and potentially also manage it.”