According to a recent estate agency survey, now is a good time to be a landlord. Conducted by Relocation Agent Network, of which we are a member, not only is it a strong buy to let market, but re-sale values have also increased in the last three years.
Relocation Agent Network, the national network of independent estate agents asked its members whether the re-sale value of a typical two bed investment property has increased or decreased in the last three years. A third indicated the value has increased by up to 10% and another fifth reported a 15% rise.
The national survey also looked at what prospective tenants consider to be the most important factors when looking for rental accommodation. The majority of survey respondents (46%) cited location as the top priority, followed closely by the cost of a property (37%).
“This survey brings good news for current landlords and those considering becoming a buy to let investor. Not only is it a strong rental market, you’re also getting capital growth as well as rental yields.
“If you have a property to let, contact us today. We’re Relocation Agent Network’s appointed Local Expert for BURNLEY & PENDLE which means we have access to out of town tenants moving into the area.”
Our Lettings and Management team already act for a substantial number of Landlords throughout the area and the market is continuing to expand .
Why not chat to our Lettings Manager SIMON WESTWELL about your investment.. 01282 417770