www.hunters.com
Over the last 12 months, the average
rent achieved for properties let in
Ware Region was £1,104 per month.
Rental market:
According to ONS average rental values across the
UK rose by 1.4% in the year to February 2021. Rents
in the UK excluding London increased by 1.7% in the
year to February 2021. In our own Ware Region local market the average rent is now £1,104 per calendar month.
In addition, according to the RICS March survey, tenant demand
is increasing, as the latest net balance rose to +36%,
up from +26%. Landlord instructions however continue to fall
according to a net balance of -25% of contributors and we are seeing this confirmed in our own market place with a definite dwindling of properties available To Let at any one time and so this is a good time to invest in the Buy To Let market locally.
"The average age of tenants
over last 12 months in the Ware Region is 35"
The UK economy is predicted to grow by 4% over
2021 and 7.3% over 2022, set to recover to pre-pandemic levels by mid-2022. The latest forecast by
the Office for Budget responsibility now expects a
faster and more sustained economic recovery than
forecast in November
The government has announced that the furlough
scheme will be extended until the end of September,.
The scheme has supported over 11 million jobs since
March 2020. Those in self-employment will also be
entitled to further grant assistance.
*source Dataloft
"Your local property experts, our advice is free but our knowledge is priceless"
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”