Residential Lettings - The New Normal
The time has come round once again to get out that bottle of ‘Windolene’ and spruce up your investment property. Entering 2010 is likely to prove more exciting than just the start of a new decade. Great Britain is moving into the turbulent waters of a new economic climate where even the economists admit that their own crystal balls have gone a bit hazy - a new era which The Economist has labelled 'the new normal'.
For the letting industry, the effects have been predominantly positive so far. Renting has become established as an acceptable form of tenure. As Housing Minister John Healey pointed out just last month, home ownership has fallen from 71 percent of households in 2003, to 68 percent today, a trend that began in 2005 well before the recession set in. It was stated that we were moving towards a European trend with renting on a similar footing to buying.
The current market is excellent now for the inward investor as the rental market is buoyant with very good quality tenants looking for rental accommodation. On the other hand, renters have the flexibility, something of an advantage in this 'credit crunch'.
Property Quarters has been established for over 20 years and we pride ourselves on our Market Knowledge and Professionalism with every aspect of residential letting and management, including relocation, and refurbishment.
We are always looking for good quality residential accommodation for our professional bank of waiting tenants.
Please give us a ring or why not call into either of our offices, in North Shields or Whitley Bay, for an informal chat and a good cup of coffee.
