According to a recent estate agency survey, now is a good time to be a landlord. Conducted by Relocation Agent Network, of which Gascoigne Halman, 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%).
Gascoigne Halman’s Lettings Director, Philip Chadwick, 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 Cheshire, South Manchester and the High Peak, which means we have access to out of town tenants moving into the area.”