LETTINGS NEWS:- Buy to let market still rock solid as demand surges
Demand from tenants wanting to rent properties is now at the highest it has been for a year – with no drop expected in the near future. One of the best-respected market surveys, from the Association of Residential Lettings Agents, shows that:
– a typical agent had 79 new tenants this month, up from 71 a month ago;
– this is 13% higher than a year ago;
– meanwhile there’s been a 4% drop in properties available to let.
The ARLA figures are not broken down by region but this surge mirrors what we at East of Exe and West of Exe have seen in the lettings market in Exeter and surrounding areas too. Buy to let remains a solid long-term investment with demand set to remain high.