🙋♀️ Is it worth INVESTING IN NOTTINGHAM PROPERTY right now?... YES! Market is getting stronger and stronger since the start of the year 💪💪
January key findings from ARLA Propertymark - Download the FULL REPORT below 📩:
✅ Average new prospective Tenants registered per branch ALMOST DOUBLED in January to 118, up from December's figure of 67 ☝
✅ RENTAL LEVELS ARE GOING UP: 74% of member Agents reported rent prices increasing (a sharp increase from 56% in December) 💰
✅ The number of properties managed per member agent branch has slightly decreased to 202 in January from 204 in December 🏡
✅ Average length of Tenancies are still slightly shy of 2 years 📊
💬 Comment from Lisa Dahl-Parsisson Senior Valuer at Cavendish Residential:
"We are seeing a continued increase in our portfolio - new Landlords bringing on EXCELLENT listings achieving great returns.
Also, uplifts in annual rents are far outweighing the money spent on refurbishment, therefore our Landlords are realising an incredible return on their investments." 💰
💬 Comment from Nathan Emerson MNAEA MARLA MNAEA(comm) of ARLA Propertymark:
"Our latest report shows an unprecedented spike in new applicants registering per member branch with a 140% increase in January compared to December.
Setting this figure beside the small increase in the average number of new properties entering the market in January, there seems to be nowhere near enough private rented homes available.
It’s important that new Landlords are enticed into the market to provide much needed homes." 🏡
📩 DOWNLOAD FULL REPORT FROM ARLA PROPERTY MARK HERE: https://hood.azureedge.net/cavendish/site/916d0e28-392a-4bab-b3f6-19c7e905ce7f.pdf 📩
🙋♀️ 𝐀𝐫𝐞 𝐲𝐨𝐮 𝐦𝐚𝐱𝐢𝐦𝐢𝐬𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐫𝐞𝐧𝐭𝐚𝐥 𝐢𝐧𝐜𝐨𝐦𝐞?
Get in touch with our EXPERT TEAM today and we'll let you know 🦹♀️🦸♂️
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Cavendish Residential Lettings Agency and Estate Agency in Nottingham
Posted 04 March 2022
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