A SLOWDOWN in the number of homes being available to rent is proving profitable to owners who are in the rental sector.
The latest survey from the Royal Institute of Chartered Surveyors is showing that there is less fresh rental stock coming on to the market but there is consistent demand from tenants which is pushing up rents.
Carl Davis, a partner at Nigel Davis Property Services, the Wellingborough-based independent letting specialists, believes the buy-to-let route offers opportunities for owners.
“We believe the buy-to-let owners who work with a managing agent can make the most of their opportunities while ensuring the property meets all the regulations,” said Carl.
“The survey findings come as no surprise, so it makes sense for landlords to work with letting specialists like ourselves to ensure they get the best tenants for their property.”
House prices have slowed but Northamptonshire’s property market is still bucking the trend.
“Changes in tax regulations have had an effect but there will always be people who want to invest in bricks and mortar,” said Carl. “What is clear now is that while there have been additional financial pressures on buy-to-let landlords there are now fresh opportunities for those opting for a property in Northamptonshire.
“The buy-to-let market has stayed reasonably buoyant in this area, even when other parts of the country have suffered. The rail links to London and other areas like Milton Keynes, where prices are higher, are real benefits.
“Understandably individuals might be nervous about making a move in to the buy-to-let sector but whatever the future holds there will always be people looking to rent good quality homes.
“We are able to give landlords support and advice to ensure they are meeting all their responsibilities. This can not only save them time and money but real peace of mind. We are able to assist throughout the whole process from sourcing a property to purchase, right through to managing the property on an ongoing basis for the new landlord. This support gives many landlords, especially those new to the buy-to let market, the confidence to commit their finances and investments.”
For information about the full range of services provided by Nigel Davis Property Services call 01933 272292, email or visit the website at www.nigeldavislettings.co.uk