Residential property investors are in the market for the long-term shows data on tenancy lengths
- 14th February 2019
- Buy-To-Let Property News
Property investors adopt ‘buy and hold’ approach to buy-to-let market
New research from the English Housing Survey reveals that tenants in the private rental sector stay in a property for an average of 4.1 years – up from 3.9 years in 2016-17. While this statistic demonstrates that renters are increasingly staying in one place longer, it also shows how much the wider market as a whole has changed.
There are now much more professional and semi-professional landlords who are in the buy-to-let market for the long-term – not just looking to buy and sell for a quick profit. This reflects how landlords recognise the benefits of buy-to-let property as a stable investment providing consistent long-term returns.
With continued Government focus on the private rental sector, it is important to remember the role that it is this growing proportion of professional, long-term landlords has in the market – enabling greater labour mobility, which in itself encourages economic growth.
Stephen Ludlow, Chairman of ludlowthompson says: “Landlords recognise there are few better asset-backed high-yielding investments than buy-to-let property.”
“As long as the buy-to-let market remains attractive for landlords, they will continue to provide high-quality, good rental property. However, if the Government seeks to remove too much of the tax relief or adds too much burdensome red tape, it could dis-incentivise landlords to stay in the market.”
“The evidence from the survey confirms that the vast majority of landlords are in the buy-to-let market for the long-term and that they generally have strong, lasting relationships with their tenants. That not only helps landlords avoids potential void periods by having to look for new renters, but it helps tenants by getting to know their landlord better so they know they will deal with any queries quickly.”
If you are considering buying a property, please contact Chris Lockley at Jigsaw Mortgages here.
Here is a selection of recent reviews of happy customers of ludlowthompson via Google reviews:
- Matt Cox on Google Reviews
“Daniela at this branch was totally amazing. She helped coordinate letting two properties for me. She was cool-headed, always so helpful and went above & beyond to make sure everything went smoothly. Daniela was also very detailed, ensuring as a landlord I had everything in place legally and that I had all the necessary certificates too. Her handling of a potentially very stress-filled time for me, made everything feel possible and very calm. Thank you to Daniela and all at the Finsbury Park Ludlow Thompson office.”
“I have been renting my property with ludlowthompson for almost 15 years. Daniela Gomes has been great liaising with myself and new tenants. She found new tenants very quickly and has been very clear and helpful throughout the entire process.”
*ONS statistic, year-end June 30th
**The English Housing Survey
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period we were ranked as the number 1 agent in the UK on allAgents.co.uk out of 15,000+ agents, with 5200+ 5* reviews, and we are also linked with Feefo - independent review company and global Google Partner - giving the customer another place to search for independent reviews of ludlowthompson and the individuals that work here.
“Landlords recognise there are few better asset-backed high-yielding investments than buy-to-let property.”
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