Rising Rental Demand in St Albans

Darwoods, St Albans’ leading letting specialist, is reporting an increase in demand for rental accommodation at the start of 2010, with demand outstripping supply in St Albans and surrounding areas.
Says Darwoods’ branch manager, Peter Moate: “January got off to a busy start immediately after the Christmas and New Year break and we had an incredibly busy month overall, with particularly high demand for 1 and 2 bedroom flats and 2 bedroom houses within all parts of St Albans, Marshalswick and Jersey Farm. Two bedroom cottages within the Conservation area are also in particular demand.
“We are finding that good quality properties are being snapped up quickly with many people waiting for more to come onto the market. This is an excellent time for anyone considering buying a property to let, or renting out their home, to enter the lettings market.”
Whilst the UK officially comes out of recession, many people are still either unwilling or unable to take on a mortgage and are choosing to rent rather than buy. The availability of finance for first-time buyers has not improved significantly since last year and is still stifling the sales market, leading to increased demand in the rental sector.
Says Peter: “Renting offers a more flexible and carefree lifestyle than buying. There are no worries about maintenance and repair costs, fluctuating interest rates affecting mortgage payments, or committing to a property or area long-term. Many people want or need to be able to move easily for work and enjoy the freedom that renting offers.”
This attitude towards renting, which is becoming more similar to that of mainland Europe where renting is the norm, means that renting out a property – provided it is done with professional, expert advice – is an attractive long-term investment.
Darwoods are keen to hear from anyone with good quality, well-maintained properties to let, or anyone considering buying to let. They offer more than 30 years of specialist experience in lettings, and professional, reliable and friendly advice to help you get the most from your investment.
For advice you can trust on all aspects of renting or letting in your area please contact Darwoods on 01727 862999.
Peter Moate – Darwoods

Peter Moate - Darwoods

Peter Moate - Darwoods

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