According to the Royal Institute of Chartered Surveyors (RICS), buy-to-let property owners in the UK are cashing in on increasing demand for rented housing.

RICS suggests that the current economic climate in the UK is ideal for buy-to-let investment. More and more would-be home owners are spending longer in rented housing before taking on a mortgage, and this has seen buy-to-let landlords increase their tenant numbers.

Jeremy Leaf, RICS’ spokesperson, said: “Current economic uncertainty has created an ideal platform for buy-to-let investors to cash in on rising rental levels. Many would-be buyers have decided to wait and see how the interest rate cycle will affect the market.”