Is now the time to sell or let your property?
We have found that in Crouch End house prices are going up due to the shortage of properties on the market, and that demand is outweighing supply. If you are looking in Crouch End have you found this to be the case?
Interesting information from the RICS website states that “The supply of new properties coming on to the rental market has fallen for the second consecutive quarter possibly bringing an end to the downward trend in rents that has been in place since the autumn of 2008, says the latest RICS lettings survey. This follows five quarters of negative readings, and is in marked contrast to April last year when 58 percent more Chartered surveyors were reporting falling rents, an all-time low for the survey.”
Stephen Brown, Director of our Crouch End shop has said “rental shortages are occurring, and rental prices seem to be going up. 3 properties at this shop alone went for considerable higher prices from when they were let a year ago.”
If you are looking to sell or rent out your property now could be the time to do it!
Kylie Batt
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We have found that in Crouch End house prices are going up due to the shortage of properties on the market, and that demand is outweighing supply…..
May 24, 2010 @ 6:41 pm
Manchester Estate Agents
I think the manchester lettings industry has plenty of properties to offer more than other areas but only in certain parts of manchester for example in the manchester city centre there are 70 letting agents alone.. the market is good for rentals but i would also take into account of how many estate agents or letting agents are in that area.
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