It is "no surprise"that private landlords are looking to expand their property portfolios, according to one industry expert.

Chris Jenkins, manager at Clarity Commercial, suggested that landlords are considering the "long-term demand for good quality rental properties", which has occurred as many first-time buyers continue to be unable to afford homes of their own.

People in the UK are finding it difficult to obtain the finance necessary to get on the first rung of the housing ladder, which is increasing the need for landlord services, he implied.

Indeed, his comments come after the Association of Residential Letting Agents revealed last month that 4.7 per cent of its members reported that landlords were selling more properties in the opening quarter of 2009 - 2.3 per cent down on the fourth quarter of 2008.

Mr Jenkins said: "It is too early to say whether we have reached a turning point where more landlords are going to expand their portfolio, however there are some excellent deals out there from repossessed properties."

Written by Sarah FieldADNFCR-2002-ID-19134500-ADNFCR

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