Paragon’s study showed that nearly 5% of landlords increased their rental income by more than 8% during the first three months of the 2011, while 10% increased their income by between 2% and 4%.
One in ten landlords’ rental income rose by up to 2%.
Nigel Terrington, chief executive of Paragon Group, said that landlords are experiencing significant demand for properties, with the private rented sector now equating for nearly one in every six households in England.
He said: “Obviously landlords do not want to make rented accommodation unaffordable, but a considerable proportion of them have been able to make small increases to their overall rental income during the first quarter.”
Terrington added: “Government figures show that nearly 300,000 extra households moved into privately rented accommodation in England alone last year and that is placing increasing strain on stock in the sector.
“It is encouraging that buy-to-let lending increased by 22% during 2010, but more needs to be done to ensure that the private rented sector can expand to sufficiently meet tenant demand.”
