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Lettings still a growth area

THERE has been much speculation about the effect Brexit will have on the housing market. However, I felt it encouraging to read in an industry publication that rents for new tenants across the UK continued to rise during August and now stand at an average of £913 a month, a 3.1 per cent increase on the same month of 2015. However, the latest survey says the pace of growth is moderating.?We have seen exactly this happen across Northamptonshire.

In the medium to longer term, the fundamental driver of rents will be the balance between demand and supply for rented property. We expect demand in the private rental sector to continue to grow in line with demographic changes such as population growth and as affordability concerns remain in the house purchase market, so it is important that we see efforts to support supply.

The housing plan for Northamptonshire is very positive with new developments springing up all over the county. This brings employment to the area, along with it the need for short and longer term rented accommodation. The supply of new properties bring new first time buyers to the market as well as a growing number of investors who can’t find a better platform for investment with the all-time low interest rates, property investment offers by far a better return.

Taking all this in to account, I believe that the property market is very stable with steady capital growth and a great return on investment.

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