A round up of the rental market


Our very own lettings expert, Angie Christie has been featured in the festive issue of the Moor Mag, a local publication in the Heatons, discussing how the rental market has changed this year from the landlord perspective…

Never has it been more apparent that there are more tenants than available rental properties. In a recent report submitted by ARLA*, the number of landlords investing in Buy to Let (BTL) properties shrank by 8 percentage points in the last quarter, down from 35 % to 27%.

At the same time, the number of landlords selling their BTL properties increased by 5 percentage points, from 27% to 32%.

Basically, the relationship between buying and selling BTL investments has reversed, with the number of landlords selling property now exceeding those buying property for the first time in four years.

Whilst the overall property stock is down, some ARLA Licensed members reported that a large proportion of BTL properties came onto the rental market, after attempts to sell them were unsuccessful.

Why the jump in the number of people looking to rent? Perhaps it’s due to difficulties in getting onto the property ladder or job relocations.

So if you are thinking of purchasing a BTL property, now would be the ideal time. Or if you have tried unsuccessfully to sell your property, perhaps you should rent it out. During winter it may be worth having a tenant in your property just to ensure it’s looked after and heated. There couldn’t be a better time to become a landlord, so contact your local agent for expert advice.

* All figures from the ARLA Q3 quarterly research, which combines ARLA members and landlords.

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