Sunday, October 19, 2014

Agents report Hull is actually humming!

http://www.marlboroughestates.com/site/go/landlords
Agents report Hull is actually humming!
The actual lettings market throughout Hull as well as the East Riding is actually buoyant - with letting agents reporting higher levels of uptake through the region.
Tony Cook, Manager of Marlborough Property Company states the market activity is particularly strong around west Hull and also the west Hull areas "The final couple of months have already been very lively. Generally business slows as people make use of the summer holiday seasons to grab a break and go away for a time, but this period has been significantly more busy than normal.”
“We have also seen an increase in sales activity and a lot of individuals appear to be making use of real estate as a means of investment in their own personal future. This increase in availability of local rental supply has meant far more option for renters and better value for all of them as competition in between property owners increases.”
“There is actually a feel-good thrill with regards to Hull at present and it appears that more and more people wish to move into the vicinity, perhaps due to the promises of far more work in the future.”
Kirstie Wallace-Hart, company manager at Chris Clubley in Brough, said rental properties are being let "very swiftly.”
"We have found that two, three and four-bedroom properties tend to be flying out - we have let 7 properties this particular month already". She stated you can find those people who are "new to the market", who are looking to let out properties as a possible investment.
"Some individuals have not had the ability to sell so they really tend to be letting for investing reasons," she said.
"With retirement benefits being high-priced, they are letting out to have an income later on."
Melissa Rason, controlling director of Riverside Property, stated there seemed to be high levels of interest across the location.
The organization, which specializes in flats and homes for sale and to let in and around Hull's Victoria Dock, City Centre, Hull Marina.
"People are prepared to buy quality accommodation," she stated.
"The highest rent we attained on a two-bed has been £1,200 in the town centre - you can attain very good rents if you have got quality, furnished accommodation."

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