A buoyant rental market – EMPM needs more properties

A recent survey by Rightmove shows that a shortage in the supply of properties to let is set to see the UK rental market remain buoyant over the coming year; this in turn will continue to drive rents higher

A buoyant rental market – EMPM needs more properties

While this may be bad news for those having to rent, landlords will be celebrating as the yield on their property investments improves further.

Renters are tending to stay longer in one property and the average length of tenancies is now between 2 – 3 years.  The survey also found that the amount of ‘trapped renters’ who would like to buy a home but can’t afford to remains high at 55% – more good news for a landlord.

The combination of longer-term  tenancies and improving rental returns provides a more stable and low risk investment and should, in theory, increase the number of properties in the rented sector.  Higher returns are great for existing landlords and those with funds to invest in more buy to lets.

Here at EMPM we are struggling to meet the demands of potential tenant enquiries due to a lack of available properties.   With a far higher demand for houses than apartments or flats, we are always happy to take on more 2, 3 or 4 bedroom houses and would be pleased to offer a free no obligation rental valuation.

If you have a property that you are considering letting then please call a member of our team – Grantham 01476 565626 or Newark 01636  612002.

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