According to a recent estate agency survey, now is a good time to be a landlord.
Conducted by Relocation Agent Network, of which Ryder and Dutton is 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%).
Richard Powell from Ryder and Dutton, member of Relocation Agent Network for our local area said, “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 our area, which means we have access to out of town tenants moving into the area.”
Contact your local Ryder and Dutton office or alternatively call us on 0161 925 3255 or email us at firstname.lastname@example.org to see how we can help.