Property market to experience boom, predicts Belvoir
Lettings agent Belvoir is predicting “a period of dynamic growth” for the residential property rental market over the coming months. Jitendra Shah, who runs the agent’s Leicester office, said it had “never been a better time” to be a landlord in the current property market.
He added that Belvoir expected “near perfect market conditions” for long term investment landlords.
“We are seeing a rise in residential lettings which I believe will continue throughout 2011 and with rental values expected to continue a pattern of steady growth as the year goes on, it’s never been a better time to be either a landlord, or indeed a tenant, with all the security which comes with renting,” said Shah.
Recent research by ARLA, the Association of Residential Lettings Agents, indicated that nationwide demand for rental properties has rocketed to an eight year high. More than 70 per cent of letting agents surveyed across the UK said that they had noticed a surge in demand, which more than doubles that experienced in 2007 at the peak of the property boom.
