Review of the Residential Lettings Market in Kettering and Desborough; Autumn 2010
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Stock levels and rents are set to increase in local areas.
Belvoir Lettings Agency Kettering and Desborough are pleased to offer the good news to both landlords and tenants. As a specialist within the lettings industry Belvoir Kettering and Desborough have seen the market drastically turn within Q3 of 2010. Since the downturn of the sales market in 2009, the lettings market has been fantastically strong within the local area, with many home owners deciding to make their homes earn money for them - this had a great effect for letting agents, but not a great effect on our investment landlords with decreasing rents by up to 12%.
We now seem to have turned the corner.
Due to increased local demand we are happy to report rents have started to rise in a fast paced manner. For example, a Victorian terrace home in Kettering was achieving on average £450.00 pcm in Spring 2010. Now we would be looking to increase this to at least £500.00 pcm.
Belvoir Lettings are specialists within the lettings sector and work alongside a number of estate agents, mortgage advisors, local builders, and investors to ensure we can educate both our landlords and tenants of the market we are experiencing. We can be found at 2 Newland Street, Kettering, NN16 8JH, where we can provide information about residential rental properties within the Kettering & Desborough region. With many years of property lettings expertise we offer the best service, to both Landlords and Tenants, available in Kettering.
2 Newland Street
T: 01536 415415
F: 01536 417417
E: Contact Kettering
0800 to 2000 7days a week