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9
Nov
2009
A recent boom has been reported in the market for letting rooms to workers in need of affordable weekday accommodation.The growing trend of people renting affordable rooms throughout the week, as opposed to making a long daily commute, is producing a huge impact on the buy-to-let sector, the Daily Mail reported. Experts say that the demand for weekday rentals currently outstrips the supply of available properties, providing a potential business opportunity for buy-to-let landlords.Jonathan Moore of EasyRoommate.com told the newspaper that 30,000 Britons are currently in the market for inexpensive weekday rentals, but at the same time only 10,000 residential landlords actually offer such a service.Mr Moore suggested that arrangements could be beneficial to landlords who could earn £4,250 a year tax free with negligible disturbance.Many tenants work long hours and return home at weekends meaning they will spend a small amount of time in the property, he claimed.Get an insurance for rented property quote today from Simple Landlords Insurance.