Number of 'Reluctant Landlords' In Private Rented Sector on the Rise

The number of homes coming onto the rental market because they cannot be sold is increasing in some parts of the UK, causing a rise in the number of 'reluctant landlords', according to new research from the Association of Residential Lettings Agents (ARLA). During the third quarter of 2011, nearly half (47 per cent) of ARLA member agents surveyed reported a rise in the number of 'unplanned' lettings as homeowners turn to the private rented sector because they are unable to sell their property, or holding off until a higher price is achievable. This figure has risen from 40 per cent at the beginning of the year. Read more on the ARLA website.