Busy Christmas in Residential Letting Sector
Research showed that more tenants are looking to move into new rental accommodation by the end of 2010.
The latest survey by the UK’s largest lettings-only portal revealed that 65% of tenants hope to find new private rental accommodation when the year ends; which is positive news for residential landlords and letting agents.
December and January are normally the quietest months within the buy-to-let sector. However, since many tenants expected the rental price to rise substantially in 2010, they are looking to get a good deal on the rent while they can. And hence, it is going to be a busy season for the industry.
Furthermore, as demand continues to grow the supply of letting properties is certain to decline in 2010. As a result, it is suggested that landlords look forward to expansion and growth in the buy-to-let sector.
Both tenants and landlords should make sure they get the appropriate tenants and landlords insurance to protect themselves and their assets. For more information on cheap landlords insurance and tenants insurance.