|
| • Your Property Search |
| |
| • Useful Contacts |
NEWS 25TH MAY 2010 - Rents start rising again as demand outstrips supply:
A lack of supply is pushing rents higher, signalling a revival in the lettings market, says the latest Lettings Survey from the Royal Institution of Chartered Surveyors (RICS).
The net balance of Chartered Surveyors reporting rising rather than falling rents rose from zero to 30% - a marked contrast to April last year when 58% more chartered surveyors were reporting falling rents, an all-time low for the survey.
Surveyors are optimistic that rents will continue to rise with the rental expectations net balance climbing to 36% - the highest figure recorded in the survey's history.
The more positive picture for rents can be attributed, in part, to the continued decline in the supply of both flats and houses in the marketplace. 12% more Chartered Surveyors reported a fall rather than a rise in the number of new landlord instructions for this period. The upturn in the housing market has tempted many of the accidental landlords to sell up with new instructions for sale on estate agents books now rising.
However, one consequence of the turnaround in the rental trend is that the net balance of surveyors reporting an increase in gross yields has turned positive for the first time in a year. Significantly, demand for property to let remains strong with 30% more respondents still seeing it rise than fall, the strongest reading since January 2009. Houses remain marginally more popular than flats but flats are starting re-establish their appeal.
RICS spokesperson Jeremy Leaf comments: "With sellers back in the housing market, supply has fallen back in the lettings sector. This is good news for landlords as rents are set to move higher in the coming months and yield returns are likely to improve. Moreover, the news that buy to let specialists are beginning to lend again may also encourage investors to return to the market.
However, the prospect of higher capital gains tax on the sale of property may in the near term encourage some existing landlords to take advantage of the current more benign tax regime."
LANDLORDS & TENANTS, ARE YOU LOOKING FOR PEACE OF MIND - LOOK NO FURTHER:
FCC Paragon are predominantly a tenant referencing company, however they have expanded and diversified to offer a unique & comprehensive range of products & services for the lettings industry.
These services include tenant referencing, insurance, rent warranty, debt recovery, mortgages, property investment and many more. Please visit www.fccparagon.com for more information.
|
| » click here to contact us |
|
| |
 Welcome to homelinKs Lettings |
|
Please call 08450 950 650 now for a FREE VALUATION
Letting Your Property? We are a family run, independent letting Agency based in Rainham, Kent, with vast knowledge of the area and Residential Lettings. As experienced Landlords we understand your main objectives and are fully focused on the priorities of both Landlords and Tenants, and unlike Estate Agencies our loyalties are not divided by dealing with property sales and mortgages.
Our promise is to provide Landlords with a friendly yet professional service and to ensure you feel confident that your home or investments are being managed with care.
What ever your reason for letting your property, we will provide you with a tailored service that meets with your needs and requirements. Whether you are moving overseas with work or investing in buy-to-let property - we can help find you find the best package for you.
To find our more about how we can help you call 07798708305 or 08450950650
ALL AGENCY SERVICES ARE VAT FREE !!!!
|
| Property of the week |
|
|
| Search Type: |
Available for Rent |
| Property Type: |
Terraced House |
| Price: |
£650.00 PCM |
| Address: |
Gordon Road, , Kent, ME7 2NF |
| No. of Bedrooms: |
3 |
| Reference No. |
GOR011 |
| |
homelinKs Lettings are delighted to offer this large 3 Bed family home situated in central Gillingham just a few minutes walk from British Rail and the Town Centre. |
| |
|
| |
|
| |
|
| |
|
|
|
|
|
|
|
| © Copyright homelinKs 2009 Website provided by www.websites4lettings.co.uk |
08450 950650 
For Landlords 
Whether you simply wish us to find the best tenants for you or you require full management of your property, then we have a great value package to suit.
Let us find you your ideal home, please use the following link for information on how we can help you move into your new home with minimum fuss.