Across the UK, the proportion of landlords who reported a significant increase in demand from tenants more than doubled between the start of 2019 and the start of 2021, according to Statista.
During the first quarter of 2021, 31% of landlords saw demand increase as opposed to just 14% who said it had fallen.
Meanwhile, research carried out in late 2021 for Paragon Bank found that nearly seven out of 10 landlords reported rising tenant demand, which was a record level for the survey – and more than a third said the increase was “significant”.