John Heron Age Quotations

A number of factors contribute to the sustained demand for rented accommodation in Yorkshire. The burgeoning student population of Englands largest county, with major universities at Sheffield, Hull, Leeds and York, among others, underpin demand for rented properties. Many students, after graduation, remain in the county and as first jobbers look for shared accommodation with their friends in the major towns. An important demographic trend that has sustained the growth of the private rented sector over the past decade or so has been the tendency for young people to leave the family home at a fairly young age to go on to further education and not return. In addition, there has been a net influx of jobs in some parts of Yorkshire which has helped create a requirement for more rented homes.

There are issues clearly in the property investment club area but they have not flowed through into the buy-to-let and main residential mortgage market.

Prices paid by residential property investors are still growing, but at a much slower rate than was seen during the heady days of mid-2004 when investors had to compete with owner-occupiers in a busy market with limited stock available. The recent cut in interest rates should encourage landlords to expand to their portfolios as there are still good deals to be negotiated while the owner-occupier market remains relatively slow.