August which is traditionally a quiet month was our busiest to date and the economic climate still continues to provide us with a greater availability of quality tenants unable to get onto the property ladder. We are still seeing homeowners choosing to let their properties and become ‘accidental’ landlords rather than try and sell in a depressed housing market.
There has been an increased amount of first time buy to let landlords wanting to put their money into the property market rather than gaining low level interest rates in the banks. The rental market is holding strongly with houses in good order and priced sensibly are being let in a matter of weeks.
There is still demand for flats however the market is saturated with these and landlords need to be sensible when trying to attract good tenants. Incentives such as offering furniture, rent free periods and contributions towards admin fees all go down very well with prospective tenants.
Luke Mason – Belvoir! Hitchin