Rental Market Moves in Favour of Landlords – Market Snapshot
9th July 2010, Cambridge - Property landlords and buy to let investors are seeing the UK rental market turn in their favour. Reports out this week indicate that the supply of property is starting to fall, while tenant demand continues to soar. Rental values are steadily on the up, and tenants are choosing to stay on longer in rented properties, having the effect of reducing void periods for landlords, and maximising returns and rental yields.
Finally, surveys out this week indicate that the overwhelming majority of UK landlords continue to see buy to let as a good long-term investment, with a major proportion of Landlords surveyed indicating that they plan to hold their property assets for a number of years, with a rising number looking to expand their portfolios in the next quarter of this year.
If you are considering purchasing a buy to let property and seek knowledgeable and informative advice on the buoyant Cambridge rental market, or on any aspects of the property lettings process, please do not hesitate to contact Martin & Co (Cambridge) letting agents.
Contact Martin & Co Property Letting Agents in Cambridge
Tel: 01223 275 150
Email: cambridge@martinco.com
Web: www.cambridge-martinco.co.uk
Sources:
The Young Group - Market Report June 2010
FindaProperty - Q2 report 2010
Paragon Mortgages - Quarterly Trends Research (2010)
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