Landlords have never had it so good
Landlords have seldom had it so good. A lack of stock, a dearth of mortgages and instability in the market has seen some home owners struggling to contain their glee.
Matthew Martin, of Your Move, says that despite 14 years in the business he has never known anything like it, with rental incomes reaching new heights.
The main surge has been in Greater London and the Home Counties, with a ripple effect moving through the country.
‘Greater London has seen rent rises of around 20 per cent in the past year, so tenants are looking further afield,’ says Martin. ‘A large proportion head to Surrey or cheaper areas to the north of the city, such as Hertfordshire. Any location that offers good transport links to London is seeing increases.’