According to fresh data recently issued by the National Residential Landlords Association, demand for private rental homes remained robust towards the end of 2021.

In Q4 2021, 56 % of private landlords in England and Wales reported an increase in demand for privately leased houses, according to a poll done in collaboration with the research firm BVA/BDRC. The 57% who saw the same trend in the third quarter of 2021 were nearly comparable.

Despite significant demand, the proportion of landlords expecting to cut the number of houses they rent out (24%) outnumbers those planning to buy homes to rent out (14% ). While this is a sign of positive recovery, the renting situation in the city is becoming an increasing worry for those looking to places. In the London market, 74% of landlords in Central London reported rising demand. In Q3 2021, 54 percent of landlords in this region saw a similar trend.

According to Capital Economics, in order to meet government objectives, private rental sector supply will have to expand by 227,000 per year assuming owner-occupation and social housing continue to grow at their ten-year average rates. “Even if the other [housing] tenures doubled their rate of growth, 105,000 homes for private rental would be needed each year, which is well above current rates of growth,” the research economic consultancy.

At Blue Door Property Guardians we understand the struggle many future renters face in the search for a place to live. Property guardianship could be the answer to those who feel they have been priced out of renting in the city or simply can’t find any suitable properties. Becoming a guardian could save 50-60% on housing prices and live in beautiful business or residential buildings in London and other UK cities. Get in touch with us today if you’re interested in becoming a guardian or have any questions about property guardianship.