19 August 2014
Lucian Cook, director of residential research at estate agent Savills, said that there are various other reasons why the private rented sector is set to increase in size.
He explained that a number of would-be first-time buyers will be "effecti
His comments came after various industry organisations - such as the Association of Residential Letting Agents - claimed that the so-called accidental landlord phenomenon from earlier in the year has started to fade away, with those who were forced to rent out property now looking to sell it instead.
"I suspect that you will see stock on the rental market become eroded over a period from here on in [and] get back to much more normal levels," Mr Cook remarked. "I suspect that will also bring some degree of stability into rental levels."