With spring now firmly upon us and the weather set to improve more people are starting to think about moving.
The recovering property market appears to be stabilising, however it seems that many are opting to rent property in the interim rather than purchase.
In these uncertain economic times some individuals prefer to let whilst they observe market conditions, save deposits and consider their options.
We are finding that this is contributing towards a heightened level of demand for property to rent that is far outstripping the current supply of good quality homes.
People are no longer receiving the interest on savings they once were but instead switching their investments to bricks and mortar which can act as a pension intentionally bought to let. In this way long term letting has proven to be a great investment for the future.
Right now landlords are seeing the benefits of commanding a higher return from their property and from a choice of qualified tenants. So from an investors perspective there couldn’t be a better time to let your property.
James McCrudden, Belvoir Lettings