As the winter months come to a close and the flora and fauna re-emerge into the world they are joined by the re-emergence of the property investor to the property market. The chaos of the recent property market and the subsequent increase in property values and regularity of best and final offers meant a money savvy investor knew better than to compete in a high demand and low supply market. The best option was a brief hibernation, ready to thrive again when the time is right.
Landlords have seen an increase in legislation in recent years meaning that renting hadn’t been the attraction that it once was. However, the continual demand for rented property due to a still relatively low level of sales stock, increased property values and the levelling off of the property market means that investors are once again scouring the market for suitable property to add to their portfolios.
Investment in brick and mortar has always been as safe an alternative as you could find, especially with the interest rates on savings still not catching up with the interest rates on lending. And with a reported 44 % of landlords expecting to increase rents by between 6 & 10% on rented property to combat mortgage rate rises the return on an investment property is once again an attractive and realistic proposition.
So, if you are looking to sell your home there are more buyers in the market and if you are looking to find an investment there are more opportunities to find a property with a viable return and plenty of people looking to rent, be it long term or short term between property moves.
Our lettings team seem to be running a continuous conveyor belt of property with new stock and re-lets coming in at one end and successfully tenanted properties leaving at the other end in extremely quick timescales. The duration of time the properties are available is still fleeting but the opportunities are starting to increase.
If you are considering a foray into the world of property investment or are looking to expand your portfolio why not speak to one of our local experts from our lettings team and they can advise you on the best approach. They are also happy to give advice on properties of interest and will even accompany viewings to help get the right property investment for you.