Rental Boom to go on and on!
There seems to be no let up in the demand for rented property reports Andrew Oulsnam, Managing Partner of Robert Oulsnam & Company. Each month seems to see record figures in our lettings department with our nine offices covering South Birmingham and North Worcestershire. We have never previously seen such continuous and strong demand for rental property with many houses renting within a day or so of coming to the market in this sector of the market.
The current feeling amongst all professionals is this boom will continue through 2011 and 2012.
The major cause of this demand for property is the continued difficulty in obtaining mortgages. It is not just first time buyer who simply cannot get mortgages, it is a large section of society are unable to get the mortgage they want and have turned to renting. Unless the mortgage market improves we are likely to see a complete change in the way people see owning a house.
If you are thinking of renting for yourself or if you are a landlord and you would like advice about renting a property please contact us on 0121 445 7410 or on firstname.lastname@example.org.