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Good demand for Properties

December 19th 2014
By: jon.acquarone
Good demand for Properties

According to the latest report from ARLA (the Association of Residential Letting Agents), the number of available properties for rental have increased since the last quarter.
 
Nevertheless, 2/3 of ARLA members have indicated that prospective tenants still outweigh the number of available properties.
 
The number of landlords increasing their portfolios is outweighing the number selling their investments – which is a reverse on the figures reported three months ago – indicating that they have faith in their investments for the future.
 
Landlords increasing their investment in buy to let properties increased from 27% to 30% in the last three months. During the same period, landlords looking to sell their current buy to let investments fell 9% from 32% to just 23%.

65% of ARLA Licensed member agents said there were still more tenants looking for properties, than properties available on their books, a decrease from 68% last quarter, suggesting that the market could be heading towards a more level playing field.

‘This quarter we’re seeing promising signs that the market is taking small steps towards achieving a better balance between supply and demand, or at least it is easing slightly,’ said David Cox, ARLA managing director.
‘With more landlords investing in their portfolios, ARLA licensed members have reported a growth in supply, while the level of demand witnessed last quarter has fallen slightly. Of course, the market has a fair way to go in terms of completely balancing out,’ he added.

The report says that the increase in supply is down to more investment in buy to let property.

‘It’s great to see an increase in consumers making an active play to agree on rent prices. Letting agents should be able to help tenants to get the fairest deal, and to ensure the process of finding a property, and signing on the line, is as smooth a process as possible,’ explained Cox.

‘Renting can be a stressful experience. To ensure the best standard of practice and level of advice, always ensure you are using an ARLA Licenced agent. All ARLA Licenced agents follow a strict code of conduct, therefore you are guaranteed the highest professional standards to guide you through the rental process,’ he added. 

Goodfellows are ARLA Licenced and you can rest assured that your properties are in safe hands – to find out more, give our team a call on 020 8687 0077.