Last Updated: 24/01/2018 11:21:10
Brexit Renting Trends 2017
2017 has been a busy year for Forest Lettings. We have taken on a record number of new properties and welcomed many new clients to our portfolio. We have succeeded in raising the standard of our stock and have been encouraged by the renewed effort of our Landlords to undertake improvements to their properties in spite of Landlords having to withstand changes in tax relief and the banks imposing tougher lending rules ahead of the changes due next year.
In the last 18 months or so we have seen a slight reduction in rental asking prices which has come as a bit of a surprise to some of our Landlords who have been used to annual increases, and it is indeed a market trend that we have had to ride out since the Brexit vote last year. But it is often worth remembering that good tenants are just as much of an asset as the property itself. Our ongoing commitment is to help our clients find the very best professional tenants and in return supply a portfolio of high quality properties that our tenants find a pleasure to rent.
We have also seen an increased number of Landlords asking to move their portfolios over to us for management. We are finding that Landlords have been unhappy with the services provided to them by some of our competitors, which in turn has caused often unnecessary distress to their tenants. We have therefore expanded our team to reflect this increased demand.
We would therefore like to thank our clients, both tenants and landlords alike, for their loyalty and recommendations throughout the year. We hope that 2018 will see our ongoing efforts rewarded with continued success.
Last Updated: 21/11/2017 16:51:45
Feltham Brexit House Sales
brexit worries continue to hamper the housing market, and with the additional concerns over the recent interest rate rise, the buying public are increasingly concerned about the prospect of further hikes in mortgage rates. all this causes uncertainty, which leads to paralysis, and this feeds into house prices, with buyers unwilling to take a risk in what is perceived as a falling market. however, despite these concerns, we have seen an increase in buyers during october and november, we also have many clients now accepting prices up to £15000 less than they were offered back in spring/summer, spurred on by the prospect of a further decline in prices. and it is these reductions that appears to have encouraged more buyers back into the market. there is the hope that changes in the November budget will further improve the housing market conditions, and it may prove a wise move to secure a purchase this side of xmas, as any improvement in the housing market will be accompanied by a firming of prices
Last Updated: 22/11/2017 13:56:46
Budget Brexit Chancellor
Fantastic news for buyers in the Feltham area, is the chancellors abolition of stamp duty for first time buyers up to £300,000, saving up to £6000 on purchases at that price, this is excellent news for first time buyers looking for affordable housing within Zone 6. This will undoubtedly lead to an increase in enquiries from first time buyers, which is exactly what is needed to kick start the housing market, again, best advice would be to secure a purchase this side of Xmas, prices could rise in the New Year-Martin Ludeman
Last Updated: 14/09/2017 12:48:47
since brexit and the changes to stamp duty and tax relief, the housing market has shown a marked downturn, the media seem to be aware of the changes, and are increasingly reporting the fact. this has led the purchasers to expect large price reductions, however, very few vendors seem to have acknowledged the fact that prices are dropping. this has led to market stagnation, with many properties sitting on the market for 6 months, something not seen since the beginning of 2008. so, what are the future prospects for house prices, well in my opinion, the best that vendors can hope for is a flat market, with stagnant prices, however, the reality of the situation is that prices have fallen in the Feltham area, between 3 and 5% over the last year, however, asking prices have not reflected that fact. the current trends are that properties can sell, but the prices have to be realistic, they will not sell for what they sold for a year ago, but it is all relative, the 'price to change' has not altered, but realism is the name of the game with asking prices. in the meantime, the rental market is extremely active, it is possible that potential purchasers have decided to sit on the fence and wait to see what the effects of brexit will be, and rent for a year to wait and see, the next 6 months will be very interesting
Last Updated: 07/04/2017 15:08:59
Demand for flat rentals in Feltham and Bedfont remains high, and purchasers who have been scared by the current economic uncertainty, are opting to rent and ‘wait and see’.
We've certainly not seen much of a slow down in buy to let investors looking to join the market, in fact we have seen some of our Landlords wanted to significantly increase their portfolio within the last six months.
Feltham continues to offer excellent value when compared to property closer to London.
Last Updated: 21/11/2017 15:42:09
The housing market continues to be challenging, buyer’s property registrations are below pre Brexit, and prices in Feltham have to be accurate to ensure a sale. The number of properties coming to the mark in Fedlthamt have also declined post Brexit, and in our view, the uncertainty in the economy continues to be the primary reason for the decline in activity, the good news is that there are buyers out there for property in Feltham, and indeed some cash investors, but they are looking for value for money, the Feltham flat market is particularly busy
Last Updated: 21/11/2017 15:15:58
Landlords, Spring, Beautiful Homes
Spring 2017 is proving another busy time of year for Forest. We've had a great start to the year with some really high spec properties coming onto the market and some fantastic Landlords signing up with Forest. We've been in the position to market some truly stunning homes. It is encouraging to see that there is a lot of Landlords out there really looking to significantly improve the standard of their portfolios and we have seen some really lovely renovations of late.
This year we are really concentrating on only listing only the very best properties. It is important to us that we are able to offer our applicants real value for money when renting, which in turn provides Landlord's with longer term tenancies , healthier yields and happier Tenants.
Last Updated: 15/12/2016 10:45:48
We hope to be able to showcase our sale and rental properties, to give our clients the maximum possible exposure, along with our coverage on Right move and On the market property portals. We will be updating our website regularly, so please register your requirements so that you will be aware of our latest properties.