1 September 2014
The 'reluctant landlord' - a phenomenon that emerged during the recession as home owners were forced to let their property rather than sell it - has returned to the rental market, according to ARLA.
ARLA's research revealed that 34% of member o
There was variation across the UK in the number of agents reporting this trend, with 58% of agents in the North-East reporting an increase in reluctant landlords, compared with 15% in central London.
The number of reluctant landlords peaked during the recession at the beginning of 2009, when 94% of agents surveyed reported an increase of property coming on to the rental market because it could not be sold.
Ian Potter, operations manager at ARLA, said: "The rise of the reluctant landlord seems to reflect wider market uncertainty and instability."
To view the Q3 2010 ARLA Review and Index, visit: www.arla.co.uk/q3ri