Wednesday, 27 July 2011

Good news for Landlords

Well, have you ever thought of having an investment property, or dreamt of getting on the landlord ladder. Well it seems more and more of us are, and for the shrewd few the leap isn't one to lose sleep over.

There have been lots of figures released about the rise in rents and the demand for rented property, our office is no exception and the level of calls is quite amazing. A recent ARLA report (Ass. of residential lettings agents) states that the average property stays on the market for 3.6 weeks compared to 4.2 weeks in 2009. On top of this the rents achievable are also rising every quarter and the ratio of tenant demand to available (supply) properties has also been rising for four quarters in succession, this from 59% to an all-time high of 70%
So, for landlords, we have:
a) A faster turnaround on market-to-rent
b) Higher rental yields
c) Increased demand in general, i.e. more tenants to choose from.
So if its always been a dream of your to have an investment property then now could be the perfect time. If you're not sure why don't you speak to Simon our in house IFA. We have helped quite a few clients recently with equity release or re-mortgaging for exactly this purpose. (simon@thinkpropertyuk.com)
On top of this we are also getting more and more properties coming on for sale that are ideal investor opportunities. So again please just let us know if it is something of interest. It costs nothing to speak to us and we'd love to help.
Office News.
We have a new member of staff, Lucy has been in the property management business for years and she will be a great asset to our strong team. Like us she is very service driven so that is very exciting for us.
Emma is very happy as she now has a new camera to play with for her instructions. It has the widest angle lens you can buy so I have been giving her lessons !!!
The online side of think www.thinkonlineproperty.co.uk is still attracting a lot of interst, so if you are in the market to sell and want to save £1000's please let me know. From as little as £145 we can have you listed on Rightmove as well as all the other main portals.

If you would like any information on anything I have mentioned or something else please let me or one of the team know.

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