Rental sector 'reaching bottom of market'
News Category: Industry News
Published: 17-Jun-2009
This article was brought to you by Rentman the premium property management system
Landlords and letting agents have been advised that monthly statistics for rental sector performance may suggest the market is stabilising.
Analysis of the buy-to-let market from smartlandlord showed that average rental prices in May have stabilised at £696 due to a decrease in reluctant landlords and an influx of new graduates into the rental market.
Keshav Thukaram, managing director of smartlandlord, said the improving health of the market combined with continuing low property prices mean that now could be the ideal time for landlords to make investments.
He said: "This is the perfect time to snap up bargain properties that over the long term will yield great returns, but landlords need to think about factors that could affect their medium-term cash flow."
The report tallies with research issued earlier this week by Rics, which suggested that an improvement in average domestic property sale prices could represent the beginnings of a recovery for the market.
Buy letting agent software that works
