Does the current slow down in the property selling market affect the property lettings market?
Yes, in a positive way. Letting Agents are becoming busier than ever. Unlike the property selling market, which has always been ‘cyclical’ (subject to boom and bust), the rentals market enjoys steadily growing demand and supply. Everyone has to live somewhere, so those who cannot or do not wish to obtain a mortgage, and others who have their homes repossessed, become renters. Landlords and investors are still buying up properties to expand their portfolios. And many owners who are finding it difficult to sell are deciding to become landlords and let out their properties instead. All of which means more business for Letting Agents!
