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Further signs of recovery to the rental sector

Further signs of recovery to the rental sector

Rightmove have released figures to show how enquiries for buy-to-let properties have risen by 30 percent since May. Back in March we saw a surge in investors snapping up property before the 3 percent stamp duty hike came into effect.

Some areas of the country saw a surplus in the amount of rental properties available, which supressed demand and subsequently rental values. Tamworth has largely kept up pace with the increase in properties being marketed by lettings and estate agents.

In total, Rightmove has reported a 6 percent increase in newly marketed properties in the third quarter of this year when compared to the same period last year.

We have seen an increase in the number of properties coming to the market locally and we will expect that to continue, especially as new homes being built across Tamworth become available.