A number of interesting trends have been emerging in the property market recently. As one of the top names for guaranteed rent in Ealing, we want to have a look at some of the most noteworthy ones. Then if you need a service, we would love to help.

Buyers

RICs has noted that the market in general appears to be quite subdued. A survey from April indicates that 37% of professionals were reporting a fall in demand. At the same time, 19% of surveyors said they had seen a dip in house sales. In addition, fewer properties were arriving on the market. The number of instructions to sell was down.

Interestingly, there have been some big changes in the type of property people are most commonly seeking. Buyers tend to now favour smaller, more affordable properties. They often look to new builds rather than larger, older homes. Here they are looking to choose properties that are more energy efficient.

RICs believe all this evidence shows that the market has hardened. It is particularly tough at the top end. Here there are fewer sales and those that do complete tend to be for lower prices.

Renting

The picture is much different in the rental market. Demand is growing for rentals and massively outstripping supply. As a result, rental rates are rising. Landlords are in a powerful position.

There are a number of problems with the supply side. Notably, housebuilder activity and new starts haven’t taken off. Many developers are likely waiting for the political picture to become clearer. At the same time, a number of landlords are exiting the market.

Solving the issues

RICs said they believe the solution to addressing the problems with the property market is to boost supply. It could help to encourage more sales as there would be an influx of the kind of high quality energy efficient new builds people want. A boost in new rental properties could also ease demand and rent increases.

It is also vital to ease crucial things like borrowing costs. It still remains relatively expensive to get a mortgage, especially with high interest rates. Another increase in interest also appears likely. This situation needs to ease to encourage more people to buy.

Look at guaranteed rent in Ealing

Investors should definitely ensure they keep an eye on the market conditions. Investing could be a good idea, especially with demand for rentals so high. That could translate into lots of interest, especially in newer, energy efficient properties. It could mean a really healthy return.

If you want some extra comfort here, you can choose a service to guarantee the rent. This is something we excel in, working with councils all over London to arrange it. The rewards are great, including a set monthly income with no fees or commission. You can get this for different durations, so you can choose short to mid-term solutions or longer.

So, if you want to learn more about guaranteed rent in Ealing or other parts of London, speak to us. We’re always happy to advise.