Tenant confidence is good news for landlords
With the Government’s recent spotlight on tenant fees and more clarity in terms of tenants’ rights and responsibilities, we’re seeing greater confidence amongst first-time tenants. This is good news for landlords too, knowing there’s a strong number of potential renters, ready to move into their property.
Across the UK, demand for city centre properties is now at an all-time high, with demand outstripping supply. More locally, we’re seeing the same trend across Cheltenham, Stroud and Worcester, with certain areas being particularly popular.
Digliss marina, with its views over the River Severn and close proximity to Worcester city centre, attracts many would-be renters, as does Ebley Wharf, just a short walk along the canal into Stroud.
Space and schools continue to be the main criteria for young families, so properties with gardens, generous living accommodation and near good schools are always in demand.
Warndon Villages in Worcester and the areas of Quedgeley, Longlevens and Abbeymead in Gloucester are all popular with this renter demographic.
Recent national statistics have indicated an almost 8% increase in the number of landlords registering to buy over the last month, showing that feeling in the market is overwhelmingly positive. With investors still wholeheartedly positive about the state of the UK market, according to SevenCapital’s Brexit survey, lettings continues to be a strong investment.