“Rental market strengthens further as stock levels plummet by 10%”

Some interesting news from Findaproperty.com again this month on the state of the rental market. Being found in sought after areas such as West Hampstead and Maida Vale, Greene and Co’s rental  threshhold  has held itself steady, but with properties flooding to the market more and more Landlords have had to accept lower rental offers. So, although the rental market remained fairly stable, prices dropped substantially just to secure a good tenant.

Director of Findaproperty.com Michael O Flynn comments: “The national rental market is looking much more healthy than it did six months ago. The clear out of stock is continuing in fairly dramatic fashion as the sales market improves and a seasonal surge in demand helps mop up excess supply, particularly at the lower end of the market.

“Consequently, rents are on a clear upward trend and long term buy-to-let landlords in London and the South East in particular have reason to feel optimistic that the market is making a sustained recovery.”

The stock of rental properties on the market dropped sharply in October (-10.2%) - the most significant monthly fall in the history of the index - bringing supply back to the level last seen almost a year ago.

Rents rose marginally (+0.1%) to £830 pcm in October - the sixth consecutive month of stable or rising prices - remaining 3.8% lower than a year ago.

Gross yields dip from 4.56% in October as rising house prices put pressure on rental returns

London and the South East lead the rental market recovery while the majority of regions suffer falling rental values

Could this be the start of some better news for landlords trying to rent their properties?

There are lots going on in Crouch End in the lead up to Christmas…
3rd - 6th December
Thursday 3rd: Late night shopping
with exclusive Crouch End card promotions and christmas gift advisors on hand
Saturday 5th: A christmas prize draw @ 4pm
outside Thorntons Budgens
Sunday 6th: Festive family day 11am - 4pm
Christmas carols with the Crouch End festival chorus, Santas [...]

Greene & Co. are proud to sponsor the fun lantern making work shop for this winter fair at a school in West Hampstead. The Greene & Co., West Hamsptead staff are sure to pop down and recapture their youth for a few hours and get the Christmas feeling…we’re not just about buying and selling houses [...]

Improving on standards and results for last year Greene & Co. go from strength to strength winning not one but three awards. Gold for Best UK Medium Agency and Silver for Best Customer Service and Best London Agency.  The event, now in its sixth year, is widely recognised as the most important in the industry [...]

Some interesting news from FindaProperty.com’s October affordability index - house prices are rising, but affordability for first time buyers is deteriorating…
“It’s never easy to get on the housing ladder but until the summer we had been seeing a gradual narrowing of the affordability gap. This has led to a definite pick-up in first time buyer activity [...]

The energy saving trust are stepping up the mark and have lots planned this week to help save energy. This years theme is waste, where they are helping people all over the UK to stop wasting time, energy and money! That sounds pretty good to me…we could all do with a bit of that couldn’t we?
The energy [...]

These striking, red brick apartment blocks have a sense of granduer about them, making them an appealing place to live. Often found in well connected areas, such as Maida Vale and West Hampstead, which offer a welcome, but nearby retreat from the hustle and bustle of central London.
Primelocation.com takes a look at the pros and [...]

At Greene and Co, we care about the environment and I always read with interest anything that offers advise on saving the planet. Not only is it a great thing to help our lovely little earth, but on a more personal level it usually helps you save some money too!
I found this great little article on [...]

Greene & Co, West Hampstead pulled in a few more pounds for our fundraising event, edging us even closer to hitting our £10,000 target.
On August 22nd the West Hampstead office and helpers, hose and sponge in hand, headed for St Mary’s school in Kilburn to scrub a few cars and recapture their youth with some [...]

The BBC reported on Saturday about bogus landlords trying to trick students out of money. The scam usually involves bargain ads posted on free listing websites in student cities.
Victims are told that the “landlord” will only let them view the property if they give their bank account details. Their money is then stolen, the BBC [...]