why to need a Estate Agents in Cannock

	Author Details
	D NORMAN cannockpropertyblog.uk/

why to need a Estate Agents in Cannock
UK rents are set to rise faster than house prices over the next five years, a survey by the Royal Institution of Chartered Surveyors (RICS) has suggested.

freePRnow.com, 4/20/2017 - Rents will increase by a margin over 25 per cent in the coming five years, while overall property values are predicted to grow by less than 20 per cent over the same period

In the three months to January, tenant demand for rental properties in the Cannock area continued to rise, this shows no sign of slowing down as we approach spring time. As long as Cannock landlords stay in the game

And if landlords scale back their portfolios in the next year, following a series of government-backed attacks on the Buy to let industry, tenants will have fewer properties to choose from, which will in turn serve to push rents higher, the survey suggests which will punish Cannock tenants who have no other choice if they cannot or indeed do not wish to buy a property of their own in Cannock.

The Rics survey was conducted before the release of the government’s housing white paper on Tuesday, which pledged support for private developers to build large-volume rental flats for tenants, and more long-term “family friendly” tenancies. This is true the government are conducting housing build programmes across the Cannock area and across the country. However some of these schemes will take years before they progress to the point where Cannock tenants can actually move in.

Jeremy Blackburn, the head of UK policy at Rics, argued the government should stop “punitive measures against our bedrock small landlords.”

He said: “The detail on the ban on letting agent fees is yet to come, and along with any overt forcing of longer tenancies, this could dampen investment in buy to let overall. The current statement from the government is that longer tenancies will only apply to social housing. So if Cannock landlords are lucky they will avoid being forced into long term tenancy agreements which are not always beneficial to either landlord or tenant.

According to the Rics survey, property values are expected to continue growing across the UK over the next 12 months, except in London, where they are expected to fall further.

If you need further information or advice about letting a property in Cannock or changing letting agents give us a ring on 01543 547388 and ask to speak to Paul, Helen or Emma. Or drop a message at info@novaproperties.uk