The rentals market 2018

8th February 2018  |  12:00am

The rentals market 2018

The rentals market has seen an enormous amount of legislative changes in the previous two years. 2017 saw a time where landlords navigated their way through these changes and adjusted their finances in accordance with a raft of financial changes. 

Despite this, in our experience, being a professional landlord still remains an attractive proposition with new and existing landlords continuing to come to the market place. If the property and location are right then a healthy yield is still achievable. This coupled with some very competitive buy to let mortgage products and the age of purchase for first time buyers increasing year on year, long term property rental is still a very appealing investment opportunity. In fact, we have just welcomed four new landlords who all purchased new build apartments in a central location with demand on these properties from tenants already very high. 

We are expecting to see an improvement in property efficiency in line with the introduction of the new Energy Performance Certificate (EPC) guidelines, which come into force as of April 2018. 

You can read the full policy here: 

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/669587/Domestic_Private_Rented_Landlord_Guidance_-_Updated_Version.pdf

In Dorking, Reigate, Horley, Oxted and surrounding towns and villages, there is a good balance between supply and demand. This is likely to keep rents on a stable footing throughout the year and thus maintain consistent interest across the board, on all property types and from prospective tenants. All things being considered, 2018 should be another promising year for the lettings industry.