Readers of previous blogs will know of my interest in property investment and the buy to let market. There has recently been a report from ARLA indicating that tenant demand is at its highest level ever throughout the UK with landlords reporting rental voids at a new low-level. This surge has been caused by ever-increasing student numbers, a lack of opportunity for first time buyers and the ever-present shortfall of houses in the UK.
With current housing prices at comparatively low levels and tenant demand being so high there has never been a better time to invest in property and in Dundee in particular. Past experiences tell us, however, that it is important before you embark upon this type of venture to take the correct advice from a property specialist, and with recent proposals to further regulate the relationship between landlord and tenant it is now very important to take legal advice in terms of preparing the Tenancy Agreement.
P.S. For your interest I have been recently involved in discussions in respect of the possibility of creating a ‘property investment trust’ which I think is a very interesting development and I will let you know when more details become available.
Head of Property Services
- Demand for Rental Housing Outstrips Supply (prweb.com)
- Rents soar as first-timers struggle to buy (independent.co.uk)