Jemma Scott, Partner, The Buying Solution is quoted in The Times discussing the rise in demand for rentals in all markets. An increasing number of would-be buyers, particularly in London and the southeast, are selling their homes and choosing to rent. At the top end international buyers are renting, often paying tens of thousands a month, instead of buying. This is partly because of Brexit uncertainty, but also in response to prohibitive higher-rate stamp-duty rates.
In Oxfordshire, for example Jemma comments on how a “client was looking for a long-term rental as they see this as a better option than purchasing a similar style of house in the current market.”
Read full article here: https://www.thetimes.co.uk/article/prepare-for-the-rental-revolution-ghpcf8kmm
In a second article in The Times Bricks & Mortar titled ‘Why 2019 could be the year of the renter’ Jemma Scott, Partner at The Buying Solution, adds that it is a more difficult market for investors, particularly in London where the yields are less strong. “So tricky is the rental market that many accidental landlords, those forced to rent their properties last year after failing to sell them, are giving up and putting them back on the market at a cheaper price. The biggest change I have seen is the exodus of the accidental landlord. Landlords have taken a battering in recent years, and for many this dabble has become unappealing. With growing sentiment that now is an excellent time to buy, we have seen many of these homes return to the sales market.”
Read the full article here: https://www.thetimes.co.uk/article/why-2019-could-be-the-year-of-the-renter-5dn2vzwq9