Landlords of Medway property will be happy to hear that the latest research ranks Medway as having one of the greatest increases in rent in the country for 2015. Medway property has commanded excellent rental prices that increased a massive 8.8%, ahead of Thurrock and only beaten by Luton. This news comes as London continues to be unaffordable for most tenants and people are searching for hotspots in the commuter belt.
John Goodall, chief executive officer of Landbay explained:
“Rents often track wages as consumers with more pay compete for the most desirable rental properties, but the fact that rents are outpacing wages is a clear sign of the shortage in properties to rent as large parts of the UK face an acute housing shortage. This trend is clear in London and the South East, along with large parts of the East Midlands and East Anglia, and it is most evident for three-bedroom properties.”
So it’s good news for those wanting to let Medway property, as yields are healthy and capital growth is set to rise as more and more people seek real estate investments in Medway and outside of London.
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