Supply issues continue to affect the UK private rented sector, with a recent report from ARLA reporting that approximately 75% of letting agents are experiencing more tenants than available rental properties. The supply issues are most notably felt in London and South East, including Cambridge - where demand for property is among the strongest in the region and comparative rents are among the highest.
Why is this happening?
Mortgage finance and limited loan-to-value ratios continues to be a problem for would-be buyers, while wider economic uncertainty, the impact of government cuts, inflation and the increasing cost of living, continues to push many more into renting for the foreseeable future.
Landlords and those owners temporarily letting their housings while they wait for the housing market to improve should feel reassured about the strength of the rental sector and confident of their ability to generate a reliable income from their property.
Are you planning to rent out you property?
If you have a property that you are considering renting, be that this month, next month or even next year - you can never be too early to start getting your letting plans in order - but you can easily be too late!
If you're thinking of finding a tenant this year, act soon, and aim to get your property on the market in this month to give yourself the best chance of having an occupied property over the festive season.
Not looking to find a tenant until 2012?
Even if you're not looking to find new tenants until January 2012 - our advice is not to wait! Many tenants look to line-up a new property for the new year well before Xmas, in some cases as early as November. Contact Martin & Co so we can best advise you on how you can benefit from current the lack of rental property supply, and to ensure you act within the best possible timescale to maximise the current opportunity and find the right tenants.
Tel: 01223 275 150
Email: cambridge@martinco.com
www.cambridge-martinco.co.uk
t: 01223 275150
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cambridge@martinco.com
Office Opening Hours
Monday to Friday: 9:00 - 5:30pm
Saturdays: 9:00am - 1:00pm
(Out of office hours appointments are available by prior arrangement)
"Business Weekly receives so many plaudits for the ethos and service standards of Cambridge’s top lettings agency, Martin & Co. The management is knowledegable about every facet of the lettings market and utilises the latest technology to stay at the cutting edge of service delivery.
They don’t rest until they find the right solution for each and every individual client, which is an awesome commitment and one which Martin & Co delivers every time."
Business Weekly New Year Honours: Service Providers - Published: 13th January 2012.
LANDLORDS: Contact us today for a FREE up-to-date rental valuation or portfolio review and start maximising your rental income.
Tel: 01223 275 150 cambridge@martinco.com
1 Bedroom - Flat - Hope Street 550 pcm - http://t.co/KbaIg2LI #martinco
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