News: Countryside cash-in for Landlords

Thu, 17 May 07

Up to a third of tenants would be willing to pay more rent to live closer to nature, a report claims...

Research found that 33% of renters said they were prepared to fork out extra if it meant they could reside in close proximity to the countryside, reports RealEstate.tv.

In contrast, only 5% of landlords felt that easy access to the countryside could command higher rent, mortgage lender Birmingham Midshires said.

A survey of 2,000 UK adults found that good amenities topped the list of tenant priorities.

It was followed by public transport and access to the countryside.

Landlords listed proximity to schools and good nightlife among their top five priorities.

Tim Hague, managing director of mortgages at Birmingham Midshires, said: "There seems a real disparity in what landlords and tenants feel is important in a rental property.

"Landlords are over-estimating the importance of factors such as proximity to schools and parking when factors such as green credentials are growing in importance.

"Would-be landlords should research the market and get to know their audience so that they can make informed decisions when choosing a property”.

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