rent will fall
Rising rent prices have been a developing trend in recent years as the lettings industry has boomed where the buying market has struggled. Yet despite many being of the opinion that rents will reach a point beyond which they can rise no further, a recent survey conducted by Halifax has shown that 71 per cent of people believe the cost of renting in the private sector will increase over the next 12 months
In contrast, only two per cent of respondents expressed a belief that rent levels will fall in the same period - a seemingly clear reflection of the idea that buy-to-let properties will remain in the future.
With little sign that the growth of the private rented sector is set to be reined in over the coming months, it appears that investment in the industry will continue to be an attractive prospect to both existing and first-time landlords - and that the potential yields will hold strong.
Martin & Co Whitley Bay are a leading and an experienced letting agent who help landlords to stay up-to-date and compliant with ever changing legislation to ensure that tenancies run smoothly. If you are a landlord with a property to let in Whitley Bay or the surrounding areas get in touch today to find out how we can help you. Call 0191 2535666 and a member of our team will be happy to assist you.
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