The latest research from ARLA has shown that there are more tenants than properties available for them. Whilst, as a national trend, we did see more rental properties offered to us late Spring/early Summer - its still not enough to satisfy demand.
Calling all Landlords: with tenant demand high, property prices low - is this a good time to look at expanding your property portfolio? If you would like to discuss HOW, please call Medics on the Move - happy to help and eager for more quality properties nationally!
Announcement was made today that Medics on the Move has yet again been announced as finalists for the prestigeous National Letting Agency of the Year award by The Negotiator magazine. Winners to be announced in October...
Over the last decade there has been a huge increase in the demand for rented property with the number of people renting increasing by over a million and the rented sector is feeling the strain! With tenant demand being higher than ever, tenants are having to move quickly to secure their property. There is a real shortage of good quality property on the market, caused by several factors:
- Lack of buy-to-let mortgages
- Landlords not increasing their portfolios
- Increased demand for rented property
- Low levels of new build housing
Social & demographic changes have had their impact - the UK population is forecast to brow still further to 71 billion by 2033! Groups of people who usually rent not buy are still growing, eg students, migrants, single person households. Due to economic pressures, people are marrying and starting families later in life, delaying the traditional need & time for home ownership.
Demand growing, supply falling ... a few interesting years ahead in this area of the property market and we keep watch to see what measures the new coalition government propose to support the private rented sector.