2017 ‘could be the first time since 1930s that rentals out­per­form sales’

The Oban Times - - PROPERTY -

Over the past few years, rental prop­er­ties have be­come more and more pop­u­lar, with more peo­ple look­ing to rent than ever be­fore, thanks to the con­ve­nience and the ease of do­ing so rather than buy­ing a home.

Johnny Mor­ris, re­search di­rec­tor at Coun­try­wide, re­cently said: ‘ The shift be­tween the num­ber of prop­er­ties be­ing of­fered for rent and sale has been a long-term trend, boosted a bit by stamp duty and a bit by the Brexit vote. As some would-be buy­ers and sell­ers sit on their hands, Brexit-in­duced un­cer­tainty has con­tin­ued to boost the rental mar­ket. Septem­ber saw record ac­tiv­ity, with in­creas­ing num­bers of lets agreed and ten­ants choos­ing to re­new their con­tracts. 2017 could be the first time since the 1930s that more homes are let than sold.’

At West we have cer­tainly seen this pref­er­ence to­wards rent­ing. More than ever, we now see peo­ple choos­ing to live in the rental sec­tor; the con­ve­nience, fixed monthly cost and high stan­dard of rental prop­er­ties mean more peo­ple are be­com­ing long-term ten­ants. We still have in­cred­i­bly high de­mand for rental prop­er­ties in Ar­gyll and Lochaber, so if you have a prop­erty and are think­ing of let­ting, please get in touch.

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