The past 18-24 months have seen a massive increase in rental prices throughout the Poole and Bournemouth area.
We are valuing rental stock, new and existing, with huge increases and properties are being successfully let at the new prices.
Prior to the last couple of years, rents had remained static, but when Covid came and we saw an increase of out-of-towners looking for properties with gardens, this caused a huge demand and saw the rental prices going up.
We are also seeing a lack of stock coming to the market, which again is increasing the rental prices.
As a tenant, this is not good news, as we now have an increase in energy prices, fuel prices and cost of living being added on.
Contrary to popular belief, many landlords are not making vast amounts of money on their rental properties and expect their investment to help them in their retirement years. Those landlords who are already retired, will also be impacted on the cost of living going up.
It is always a hard decision for landlords to increase rentals when they have had long-standing tenants, this is where Move On can help, by being the negotiator between all parties, in an amicable way.
At Move On, we make sure all our landlords can sleep at night, because this is what we do every day. We make sure we are always up to date with latest legislations, and we are often ahead of the deadline.
If you would like a free up to date rental appraisal or fresh eyes over your paperwork to ensure you are compliant, then please contact me 01202 711169 or email email@example.com