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Lettings Market Looking Strong

SBK property To Let

SBK property To LetThe latest findings from ARLA paint a positive picture for renters nationwide.  The supply of rental stock has risen over the past 10 months, which suggests that reports of landlords pulling out of the market as a result of the referendum result or changing tax regime are not accurate.

This is supported in ARLA’s findings, which reveal the number of landlords selling their buy-to-let properties hasn’t changed since April.

Across our three lettings offices in Stratford upon Avon, Shipston and Leamington Spa we have not seen an oversupply of rental property but it is noticeable that tenants are remaining in rental properties for longer and are less inclined to move on, meaning that less properties are available. In normal circumstances this would create an opportunity to increase rents but currently it is also noticeable that rents in Stratford, for example, are not rising as they have done in previous years and any available properties must be priced sensitively in order to find good tenants within an acceptable timeframe. The advantage for landlords of this stability is that they avoid unwelcome void periods between tenancies.

SBK House KeysWe wait with interest to see the impact of increases in the taxation of landlords who have buy-to-let mortgages attached to their homes. Market experts are divided about the potential impact of the changes but Rightmove said that during September, buyer enquiries from potential landlords and investors were up 30% compared with May, after a short-term dip after the stamp duty changes came into force in April.

We are, however, confident that 2017 will bring new growth to the rental market. With various properties in the pipeline and growing rental yields, the buy to let market is still a good choice for investors in our areas.

We look forward to the next wave of investment properties hitting Stratford, Shipston, Leamington and Kenilworth’s rental markets and making sure Sheldon Bosley Knight Ltd are well placed with our skills, knowledge and expertise to take on the management of these properties. The team at Leamington has been further strengthened recently with the addition of Marc Martin, Rebecca Jones & Faye Mulkeirins who bring with them a wealth of knowledge and experience.

For more information about our Lettings Services please visit www.sheldonbosleyknight.co.uk.

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Local Current Rental Market Shows No Sign of Slowing

to-let-propertyThe Association of Residential Letting Agents (ARLA), stated in the summer that their members had reported across the board that the number of available rental properties had increased and demand had dipped.

However, this is at odds with the evidence that Sheldon Bosley’s Lettings departments have witnessed.

Private rented property remains at a premium and the number of prospective tenants remains high for each new property to the market.  With demand high, we are constantly looking for high quality rental property to help the housing shortage in Stratford upon Avon and South Warwickshire in particular.

As we reported in our last newsletter, there is generally a harmonious, friendly and respectful relationship between landlords and tenants, with many people saying they believe they pay a fair price in rent and the majority saying they have a good or very good relationship with their landlord.  So the old ‘them & us’ attitude seems to be becoming a thing of the past and the whole tenancy being seen as a business transaction which, if carried out correctly, is beneficial to all parties.  This being so, now could be the time to enter the market as an investor.

For advice on any aspect of becoming a landlord client, please feel free to contact either our Stratford lettings team on 01789  292310 or Shipston on 01608 661666.

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Changing Landlord Fees

Bosley Bites - Lettings Agents
Property to Let
Becoming a New Landlord?

Calling all landlords of properties in Stratford upon Avon and South Warwickshire!

Have you seen recent increases in your agent’s fees and are unsure about the service being offered?

Why not contact Sheldon Bosley and discuss what services we could offer you.

Sheldon Bosley will never guarantee to be the cheapest agent but a superior service “doesn’t cost, it pays”.

For more information and advice on letting or managing a property, please contact Sue Maaz FARLA in our Shipston-on-Stour office or Michael Scott FARLA in our Stratford-upon-Avon office