Rick Flay, director Belvoir Sheffield, the leading letting agent in Sheffield, has today announced that landlords in the private rented sector (PRS) are becoming increasingly important, after an announcement made at the National Landlords Association conference.
At the national event held in Manchester, Terrie Alafat, director of Housing Growth and Affordable Housing at Communities and Local Government (CLG) claimed that privately renting is the tenure ofchoice, showing that the PRS could be a good investment in 2012.
Rick Flay, Director at Belvoir Sheffield, who offer a wide range of property to rent in Sheffield, said: “The conference highlighted how housingis at the top of the Governments agenda for 2012, and that demand for highquality rental accommodation is at an all time high. Landlords in the PRS are becoming increasingly important as demand continues to outstrip supply.”
“It is great to hear such positive comments regarding the PRS and finally private landlords are getting the recognition they deserve. At a time when there is a severe housing shortage, the residential landlord is providing a solution.”
“Within the next few years, rental yields will push rents higher than the cost of actually owning a home, which is bad news for those unable to get a foot on the property ladder, but great news for the residential landlord. The increased rental yields will also bring renewed investment to the market, which is again very positive news.”
Speaking after the conference, NLA chairman David Salusbury, said: “It was encouraging to hear such positive comments from senior government level about the important part the private rented sector plays in the UK housing solution.”
Research from Belvoir Sheffield suggests that as the prospect of letting out a property becomes even more financially rewarding, one in three home owners are now considering this as an option, but anyone new to residential lettings to be aware of the many pitfalls, including strict regulatory requirements, insurance considerations and tenant reference and checking procedures.
Belvoir Lettings Agency in Sheffield is the One Stop Specialists for Lettings including Property Management, Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs and Investment Property Insurances and Mortgages.
