Property rental news | Property lets offer lucrative investment
If you have ever thought about buying a property to let, now could be the ideal time to consider putting your plan into action. The latest property news has shown that rental prices have grown for a second consecutive month in 2012, making it the ideal time to invest in this area.
Newly revealed prices for flat sharing costs showed that there was a May increase from £368 to £375. This 2% rise indicates that landlords are increasingly being able to charge higher rents for their properties, enabling them to cover mortgage costs and gain an additional income. Talking of the rental rises, property expert Jonathan Moore said: “Rents tend to remain consistent at the beginning of the year, as tenants do not tend to relocate during this period; however the summer months are typically when we experience an increase in the number of users registering on the site and this more often than not results in an increase in rental asking prices, as demand outstrips supply and landlords look for a way to cash in.”
If you are looking to invest in rental property, utilising the experience of Charlton Grace in Basingstoke will put you in the best position to find the ideal home. In addition, agents will be able to lead the tenant search, enabling you to make the right choice when it comes to a property investment. With rents continuing to rise, you could look forward to a lucrative future as a landlord.
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