Blog | Red Squirrel Property Shop in Newport, Isle of Wight

Details: Published: 10 January 2023; Hits: 1542

The UK rental market right now is BOOMING! Supply and demand of tenants to available properties is at an all time high. If you've ever been thinking of purchasing a second property as a 'Buy To Let' or 'Holiday Let' then now is the time. We have tenants referenced and waiting for properties right now.

Key Points

· 12.1% increase in rental values over the last 12 months. This is more than double of earnings at 6%

· Demand is 46% above average while supply is 38% lower

· Affordability for a single renter is at its highest in over a decade at 35% of average weekly earnings

· Demand on one-bedroom flats has seen its highest demand in ten years as renters are seeking better value

· Rental affordability will start to hit the increase in rent prices in first half of 2023

· Rent growth likely to slow to maximum 5% by end of 2023

Details: Published: 04 January 2023; Hits: 1313

3 months management FREE if using fully managed service!

Being a landlord isn’t easy, with legislation changes adding to landlord responsibilities such as EPC’s, electrical safety regulations, Right to Rent checks and further. The pandemic added further complications through the process with temporary changes to legislation, with many landlords still wondering what is/isn’t required and seeking more advice than ever.

Details: Published: 19 December 2022; Hits: 1556

Buying an investment property – A beginners guide on what to look for when buying

Buying an investment property has been a great investment decision for many years in the UK, rightly so, with the demand for rental properties in higher than ever before as we speak due to the house pricing. If you’re able to invest in property, it can be one of the most beneficial assets to have.

Details: Published: 01 December 2022; Hits: 1554

Often, I am asked “how do I look after my money better”, normally in the case of buying a property, however these tips help in everyday life. Saving and budgeting can seem daunting at first but having a fixed goal that you can focus on will actually be a source of calm once you see it working. It helps visualise an exciting future for whatever your goal may be – buying your first home, starting a family, buying that new car or simply not living pay cheque to pay cheque!