Tenant demand continued to spiral according to research by specialist buy-to-let lender Paragon. The private rented sector trends report for the third quarter gives a summary of current landlord views on rental performance. Almost half of landlords believed that tenant demand had increased during the third quarter and only 4% thought it had declined.
When asked on the outlook of the market over the next 12 months, almost half said they expected it to continue.
This is positive news for landlords who are looking to expand their portfolio or accidental landlords who have yet to conquer the rental market.
In addition to the above, rental income remained healthy with 34% of landlords reporting an increase. Those landlords experiencing an increase believed it was to be between 2% and 4%.
The report also reveals the shift in property types that landlords are looking to purchase. It went on to say terrace houses were the most popular choice at 41%. Coming in second were flats and finally bungalows.
Nigel Terrington, chief executive of Paragon, said: “Tenant demand has continued to increase for a third quarter, which is perhaps not surprising considering the current squeeze on the UK housing market as a whole.”
With the existing downturn in the sales market, more and more people are relying on the private rented sector. This provides an optimistic view for landlords and is reassuring for new landlords who have made the transition from a homeowner to the ‘accidental landlord’. It has provided a financial solution for many homeowners that needed to move but could not sell.
With this positive outlook and whether you are looking to expand your current portfolio or are a first time landlord, talk to Martin & Co Staines. We are a dedicated letting agent and can provide you with expert advice on renting out your property.
Call us now on 01784 495660.
t: 01784 495 660
f: 01784 463289
e:
staines@martinco.com
| MON | 09:00 to 18:00 |
| TUE | 09:00 to 18:00 |
| WED | 09:00 to 18:00 |
| THU | 09:00 to 18:00 |
| FRI | 09:00 to 18:00 |
| SAT | 09:00 to 16:00 |
| SUN | Closed |
TOP LETTING AGENTS IN THE UK ANNOUNCED
Martin&Co Staines are delighted to have been nominated for an ESTAS award in recognition of their exemplary service in the local area.
The ESTAS determines the best letting agents in the country through research carried out amongst customers who are asked a series of questions about the service they have received from their agent. A record 33,000 questionnaires were completed by customers during the competition.
Agents have been shortlisted in 17 regions around the country. The regional and national winners will be announced by Phil Spencer, the TV Property expert at the 9thannual ESTAS ceremony at the Hilton Park Lane on 20th April. Phil says “I think it says a great deal about company who’s prepared to stand up and announce to customers and competitors that they believe in providing the best possible service and they’re happy to prove it. These awards help agencies to focus on customer service levels and that’s why so many sign up each year”.
“The ESTAS competition is about recognising the hard work agents put in every day, week and month of the year” says Simon Brown who runs the national scheme. “So to be shortlisted is a great accolade for any agent”.
Eric and Sue Milburn, principles of Martin & Co Staines said “We are absolutely delighted to be shortlisted for the ESTAS 2012. It means so much to us as we know it’s our customers who have put us on the list. We take our levels of customer service very seriously because we know clients have a choice. We have always been very proud of the personal service we provide and this is great way to demonstrate how good we really are.”
All the staff at Martin&Co staines hope our followers have a lovely weekend! #sunsunsun
Fri May 11th, 15:28
VAT No: 973734093
Web Design Agency Kalexiko
SEO by Elevatelocal
