Top postcode property shortages
A shortage of properties for let in popular areas is leading to rapid rent increases.Latest figures show that nationally rent has increased for the first time this year since the beginning of the slide in 2007. The average UK rent now stands at £604 per month.
Demand for quality rental properties in sought-after areas is extremely high at the moment. We’re seeing a lot of new tenants moving into rented accommodation while they wait for more stability in the housing market.
This is particularly true in popular areas. These are often areas with things like sought-after schools or good transport links. Here we’re seeing landlords being able to demand high rental returns.
This is encouraging news for the lettings market. Across the UK, some areas saw rent increases of up to 6% in the second quarter of this year compared to the first. Add to that the fact that property prices are stabilising and this means improved yields for landlords and excellent investment opportunities.
This demand for quality rental properties is an opportunity not to be missed by landlords.
Labels: haart, landlords, letting agencies, letting agent, tenants
posted by blogger @ 13:06
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