Buy to Let Investors Raising Rents

 

If you are a below market value property investor you will be interested to hear that according to the RICS, rents are expected to rise in the New Year after a clear drop in supply. This is supposedly due to the recent pick up in the housing market. The RICs went on to say that although there is positive sentiment in the market new instructions were at their lowest levels since records began in 1998.

This is a very different story compared to last year prices were falling fast and many people had to let their properties out because they could not acquire a sale. Many chartered surveyors in the North and London are reporting recent rent rises. Although supply is currently low demand for rental property has risen by 16% over the last three months, with demand for houses being as high as 22%, which is good news for BMV property investors.

For all of your BMV property investors the signs are strong. In the market today according to the RICs demand is outstripping demand, which makes it an ideal opportunity to raise rents. Renters no longer have the bargaining power they had several months ago. This is especially apparent in London and other areas barring the east.

If you are an aspiring landlord now might be the time to get your feet wet. Property prices are currently low with demand for rental property relatively high.

Related posts:

  1. UK housing research prompts interesting results
  2. Should I Invest in Property?
  3. Mortgage Market Problems Create Opportunities for Property Investors
  4. Seasonal Impact on Property Investment
  5. The Property Market in the New Year

 

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