LETTINGS OVERVIEW FOR 2005

2005 has brought with it a number of changes to the letting market we have known over recent years.

Until this year, this market has been dominated by the unprecedented investment in the ‘Buy-To-Let’ market, which has brought the possibility of buying and renting property into the financial capability of many people for whom, hitherto, this would have been impossible.  Banks and building societies have been raising vast amounts of money to supply this eager market of first-time landlords, motivated by the appreciating property values, relatively low borrowing costs and high loan to value gearing.

With property prices and rental returns reaching an all-time high, the supply of good quality tenants inevitably had to reach an adjustment.  During this period, fewer landlords were entering the ‘Buy-To-Let’ market for the first time, although a number of cash-rich experienced landlords were re-entering the market, sensing the right time to buy.

Tenants are, quite rightly, demanding ever-higher standards of accommodation in return for the appreciable rents payable, and landlords with an eye for quality and detail are attracting premium rents for well-fitted and finished properties.

Arnolds have been working closely with landlords to provide a service for the preparation and marketing of residential lettings properties in order to maximise their returns and protect the capital and investment value of the property in the long term.  Both landlords and tenants find the continuity and experience of the lettings team reassuring in the whole process of residential property rentals, and enjoy the many benefits of renting through a multi-disciplined practice, with surveying and refurbishment services on hand where needed, in addition to the dedicated letting staff.

Please contact jan.hytch@arnolds.uk.com for further information on our professional residential letting service.

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