Over the last 18 months, rents across the whole of the UK have increased, particularly in the south-east which has seen a growth of 15.9%.
The incredible rise of almost 16% is thought to be due to skyrocketing demand and, with the region already owning 17% of the rental market share, that demand only continues to grow.
So, demand is certainly there and rents are higher than they have been for years but what does that mean for current and would-be landlords?
Well, quite simply, there really has never been a better time to jump into property investing.
Recently, demand has increased significantly as available homes grow scarcer. As we continue the return to normal, the expectation is that more properties will begin to appear. With the surplus of applicants likely to be champing at the bit, landlords will be in a fantastic position.
The average rental value in the UK is now believed to be around £1,007 per month – a record high, breaking the £1,000 p/m threshold for the first time ever according to Homelet.*
So, the opportunity is there but where does Douglas Allen come in?
For several months, Rightmove stats have shown consistently that those working in bigger cities and towns, such as London, are looking to relocate outside the city, surrounding themselves with the countryside whilst having easy access to the city for commuting.
And in many parts of East London & Essex you’re never too far from fantastic transport links and the countryside so let’s talk next steps…
If you already have a property that you are interested in letting out – great! Sign up for your FREE no-obligation-valuation here, we would be delighted to pop in.
But if you don’t yet have a property, why not take a look at our fantastic Buy to Let investment opportunities.
Whether you’re new to the rental market or you’re already a seasoned landlord, we would love to talk with you. We know what it takes to help your property stand out and how to achieve the very best price, so what are you waiting for?
*Stat provided by Property Reporter