Rental demand across the North West is reaching impressive levels, according to a top Liverpool lettings agent.
Managing Director of Bespoke Lettings, Susan Hind (pictured), believes that due to the 2008 banking crisis, which caused the housing market to plummet – the rental market has grown significantly.
As a result of the boom, landlords who own properties across Merseyside are witnessing a great return in investment.
Sue said:
“The private rented sector has certainly flourished in recent years, reflecting a national trend. Consequently, we have seen an increased demand for rental properties across the North West, which is fantastic for landlords.
“You often hear bad news about those who buy-to-let, however many of our landlord clients are responsible for regenerating properties in up and coming areas, in the hopes of positively developing the neighbourhood for tenants to live comfortably.”
According to a report conducted by the Intermediary Mortgage Lenders Association, for the first time in 60 years, it is estimated that over half of UK homes will be rented by 2023 if the current housing trends continue.
Sue added:
“Despite the government schemes that are put in place to help first-time buyers, many of which opt for the rental market in order to avoid high-priced deposits and tied-down 30 year agreements.
“Therefore, our aim is to offer a truly tailored service to help find the perfect home for each tenant, whilst also maximising the return on investment for landlords.”