Published: 24/01/2018 Last Updated: 24/01/2018 11:21:10 Tags: Brexit Renting Trends 2017
2017 has been a busy year for Forest Lettings. We have taken on a record number of new properties and welcomed many new clients to our portfolio. We have succeeded in raising the standard of our stock and have been encouraged by the renewed effort of our Landlords to undertake improvements to their properties in spite of Landlords having to withstand changes in tax relief and the banks imposing tougher lending rules ahead of the changes due next year.
In the last 18 months or so we have seen a slight reduction in rental asking prices which has come as a bit of a surprise to some of our Landlords who have been used to annual increases, and it is indeed a market trend that we have had to ride out since the Brexit vote last year. But it is often worth remembering that good tenants are just as much of an asset as the property itself. Our ongoing commitment is to help our clients find the very best professional tenants and in return supply a portfolio of high quality properties that our tenants find a pleasure to rent.
We have also seen an increased number of Landlords asking to move their portfolios over to us for management. We are finding that Landlords have been unhappy with the services provided to them by some of our competitors, which in turn has caused often unnecessary distress to their tenants. We have therefore expanded our team to reflect this increased demand.
We would therefore like to thank our clients, both tenants and landlords alike, for their loyalty and recommendations throughout the year. We hope that 2018 will see our ongoing efforts rewarded with continued success.