12
Dec
Landlords advised to look for regional variations
Landlords in the buy-to-let market should forget about national
trends and concentrate on the local picture, it has been
advised.
A spokesman for the Association of Residential Lettings Agents has
said that the market in the next few months will be "very patchy"
and vary "tremendously" between different areas.
Explaining that in some districts there will be too much supply of
rental property and in others too little, he added: "The only thing
you can do is watch your local market, which has always been the
case for the rental market."
This is partly because the rental sector is more "fluid" and
"fast-moving" than the residential property market.
Recent evidence has shown that on a national picture the recent
trend has been for lettings demand to rise.
The Royal Institution of Chartered Surveyors Residential Lettings
Survey for the third quarter of this year found 56 per cent more
surveyors reporting a rise in new landlord instructions than a fall
in November, 11 per cent more than was the case in July.
