High demand benefits landlords

Buy-to-let property investors are benefiting from high rents and demand for rented accommodation.

The latest Lettings Survey from the Royal Institution of Chartered Surveyors (Rics) shows that tenant demand remains high.

A total of 20 per cent more chartered surveyors reported a rise rather than a fall in tenant lettings in the final quarter of 2007.

In addition, 25.2 per cent of chartered surveyors reported a rise rather than a fall in demand for houses.

"With rents still on the increase many would-be-buyers will find accessing the housing market even more difficult as they struggle to raise the capital for that first important purchase," said Jeremy Leaf, Rics spokesman.

"However, many landlords will still take solace from uncertainty in the economy and enjoy the gains from rising rents," he continued.

The Association of Residential Lettings Agents recently revealed that demand for rented accommodation is at a five-year high in the UK.

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