32% of landlords have raised rents across their portfolios during the first quarter of 2011, according to latest research from Paragon.
One in 10 landlords said that rental income across their portfolio rose by up to 2% during the period, with a further 10% stating that it rose by between 2% and 4%. However, nearly 5% of respondents said that rental income had risen by more than 8%.
Nigel Terrington , Paragon Group’s chief executive, said: “Supply and demand dictates rental pricing and landlords are experiencing significant tenant demand for their properties at present. Obviously landlords do not want to make rented accommodation unaffordable