Rob Thomas, senior policy adviser at the Council of Mortgage Lenders (CML), said that he expected the market to remain stable in 2008.
Thomas said: “The outlook for the private rented sector is positive as it is based on a growing need for a flexible tenure. Buy-to-let has given a new dynamic focus to an old market and altered the image of the private rented sector.”
Speaking in the same seminar, Andrew Lees, national sales manager at Paragon, said that he believed the majority of landlords would be insulated from short-term cyclical movements in rates and house prices.
He said: “Demand in the private rented sector will strengthen - we are entering into a period of stability but there is increasing product choice and on the whole improved standards across the sector.”
