LETTINGS NEWS:- South West to see strongest rental market over next five years
The south west is likely to see the country’s strongest rental market over the next five years according to the widely-respected Royal Institution of Chartered Surveyors. In its latest snapshot about the lettings sector it says:
- south west rents will grow around 2% by the end of 2018;
- they will grow by “well above 15%” by 2023;
- this is because demand for rental property exceeds supply.
RICS says a shortage of available stock means improved returns for current and future landlords. The rental markets in Devon generally and Exeter in particular are ‘hot’ right now – give us a call if you are interested in becoming a buy to let landlord.