As latest figures demonstrate that 57 per-cent of the surveyed landlords believed that the tenant demand for rental homes has stabled in the last three months, Belvoir Sheffield the leading lettings agency in Sheffield is looking at the stability of the market.
The new statistics launched by Paragon found that 34 per-cent of landlords questioned actually found demand to be booming, with just six per-cent believing that there was a decrease in demand.
Rick Flay, Director at Belvoir Sheffield, who offer a wide range of houses to rent Sheffield, said: “These figures show that landlord confidence has certainly returned and so it should have. The future is looking extremely bright for the buy to let market and it was interesting to find that the majority of landlords thought that the market would remain steady over the next twelve months and I fully agree.
The report also found that the average void period slightly increased to 2.8 weeks compared to 2.7 weeks in the second quarter, however void periods continue to remain low and have not exceeded three weeks since mid-2010.
Rick the expert in property lettings services in Sheffield, added: “In the current market demand is far outweighing supply, which means that rental yields are high and void periods are low, making it an excellent time to invest and the financial rewards are high for those who have the cash to invest or for those who can obtain a mortgage.
“Those seeking to invest for the very first time are advised to contact Belvoir for a free independent meeting to discuss their options. Although the market is buoyant, to get the most out of your investment and to adhere to your legal responsibilities as a landlord, you should seek professional advice.”
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 Buy to Let Mortgages.
