Bristol estate agents and letting agencies are heartened by the latest Landlord Confidence Survey from one mortgage provider, which reveals that the overwhelming majority – 90% – of landlords surveyed say most reckoned the current market was profitable. This compared with just 6% who believed that demand was actively reducing – and that figure was the lowest reported all year.
Over half, or 57%, reported that demand held steady, while a further third said there had been a boom in demand. Looking ahead, over a third (39%) of those who let out properties anticipated increased demand, nearly half (46%) envisaged a stabilising of the market. Again, just 6% were bracing themselves for a decline.
A healthy number, nearly 70%, reported no change in terms of rental yields. More than a quarter (27%) were experiencing an increase, and only 5% had seen a reduction in income compared to the previous quarter.
Many have also seen fewer and shorter times when their properties were empty, with average void periods just under 20 days. The managing director of the company which ran the service told a financial website: “Yields have stayed healthy and consistent over the last year. So it’s perhaps unsurprising that landlords are still witnessing strong levels of demands from tenants. I’m confident this will continue into the last quarter of 2012 and next year.
“If anything, landlords should be encouraged to grown their property portfolios to help meet increasing demand.”If you’re looking for lettings and estate agents in Bristol to market your property, look for a website that will put you in touch with the most reputable ones based on previous client reviews.