Being a landlord is a potentially lucrative business. Although, there could be times when you don’t have tenants living in your property. This can cause a fair amount of stress because it is not good for your cash flow. By using the finest services for guaranteed rent Hillingdon has however, you can have it much easier. A scheme with a local council can secure your rental income so you never need to worry about tenancies.

Sold prices across England and Wales may have fallen by -1.1% in the last year if you compare to the previous 12 months. Yet, it has been different for the top performing sections of the property market. They have seen sellers achieve thousands of pounds more than the market value.

Research by GetAgent.co.uk, the estate agent comparison site, took a look at individual sold price records. This was for each property transaction within England and Wales during the last 12 months. They then did a market performance comparison to the data from 12 months ago. The findings are pretty interesting.

What do the figures show?

The data tells us that between June 2021 and May 2022, the average seller achieved £267,000 when heading to market. This was across England and Wales. It is a strong price to achieve. However, it is marginally lower than the last 12 months (-1.1%). It was here when the nation was in the throes of the pandemic property market boom.

The pandemic’s impact has been clear in regards to the impact on buyer preference. The requests for more outside space and bigger homes have pushed the money paid for detached homes up by 6.3% during the last year. Both terraced homes (+3.3%) and semi-detached houses (+2.9%) have experienced increases too. As for the cost for the average flat in England and Wales, it fell by -6.4%.

A turn for London’s market

Despite this, there are signs that London’s market is on the turn. This is after it stayed primarily subdued during the pandemic. London’s sold prices have had a 1.5% increase during the previous 12 months. Besides Wales, it was the only region to see a rise.

London accounts for 11 of the leading 20 areas that have had the biggest monetary increase in the average sold price. Hillingdon is one of the locations on this list. Other boroughs that appear include Barking and Dagenham, Haringey, Ealing, Hounslow, Kingston upon Thames, Brent, Harrow, and Barnet.

A market that is remaining strong

The property market has stood tall despite the UK’s economic instability. Sold prices might have softened a little during the past year compared to the property market boom’s initial year. But, there are still many locales where sellers are witnessing an increase in the price they achieve.

Bigger homes are doing a better job if you compare to flats in regards to the prices buyers are willing to pay. Something else we are beginning to see is a reversal of some pandemic trends. The most notable is the London market’s improving health. The capital might not have benefited as much as the rest of the UK in regards to pandemic house price performance. However, it has seen some of the biggest sold value price boosts during the last year. This tells us that buyers are coming back and that demand is increasing.

Guaranteed rent in Hillingdon to secure your money

At Guaranteed Rent, we make sure that our clients receive the income they are due. This will be the case even if there are no tenants residing in their properties. The schemes we arrange with the local councils in London are the most reliable option if you want to protect your interests.

We are very proud to be one of the most popular names for guaranteed rent Hillingdon has. Our team is here to provide support and help you make arrangements that offer fantastic benefits. So, if you would like to find out more, feel free to speak to us.