The UK rental market saw a 6.34% increase in the number of properties advertised between January and March 2012 compared with the same period last year, figures which Belvoir Sheffield, leading letting agent in Sheffield claims will have a very positive effect on the private rented sector.
The figures released by Experian, the global information services company also found that the number of properties for sale dropped by 2.53%.
Rick Flay, Director at Belvoir Sheffield, who offer a wide range of property to rent in Sheffield, said: “There has been particular growth in the private rented sector over the last few months and as demand increases, more landlords should consider buying and getting involved in property as an investment.”
The Experian’s Movers Index, has shown that the number of properties put up for rent got off to a flying start during the first quarter with 172,290 properties appearing on the market. In January alone, more than 60,000 properties were added to the rental market.
Rick, whose letting agency on Campo Lane in Sheffield, specialises in providing flats to let in Sheffield added: “Property investment in the private rented sector can be extremely lucrative but professional advice should be sought at all times to ensure that you are legally compliant and can make the most of your investment.
The report found that flats were the most popular property type in the rental market taking the lion’s share of the market with almost 40percent.
Rick added: “I would invite all first time landlords to contact Belvoir Sheffield for a free no obligation meeting to discuss the support available to them.”
Belvoir Lettings Agency 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 Buy to Let Mortgages.
