Mike Clarke, Lettings Director, MARLAWe were starting to wonder if this unprecedented demand for rented accommodation could continue as once again we have experienced another record breaking month for new tenancies.

We had some concerns that the stock level of available properties to rent would fall as some landlords decided to sell their investment properties taking advantage of the rise in house prices, but it seems there have been an equal number of new landlords coming to the market and buying investment properties.

The good news is that the demand is set to continue and as house prices continue to rise there are many people unable to buy and renting is their only option. Add to this the generation who have grown up with renting as their preferred option there seems to be no end to the demand.

Many of the people now looking to buy investment properties are of an age where they have seen how the housing market rises and falls and have come to the conclusion that over the medium to long term property is a good investment and, as pensions continue to underperform there are a lot of people turning their attention to property which gives them greater control over their financial future.

As with all investments getting sound advice is key.

To find out about Mackenzie Smith’s letting services and for advice on lettings and rental values please contact us on 01252 514000 or email lettings@mackenziesmith.co.uk.

Click here to see some of our recently let properties

“The service has been great. You found two good tenants within three days and they were moved in within three weeks. Paperwork was fairly straightforward and the checklists / landlord guides were useful. Since then statements have arrived on time, and the tenants seem happy.” Mr J.P. Landlord