Last week you may recall that we released the Spring 2016 edition of our Market Intelligence Report.
This publication has been very well received and the content has been featured in The Times 'Bricks & Mortar' supplement, as well as The Metro.
You may have also seen Martin & Co Chief Executive, Ian Wilson, being interviewed by Ian King on Sky News. A short clip of the interview can be found by clicking here.
To request your free copy of the report please contact me on either 01243 887887, email matt.berry@martinco.com or pop in and see us at 12 Southgate, Chichester, PO19 1ES.
Similarly, if you are considering your next buy to let investment in Chichester, or thinking of entering the market for the first time, please get in touch with us - we always give our advice freely on a no-pressure, no-obligation basis.
This year, Martin & Co celebrates 30 years as the UK lettings industry's expert.
To mark our progression over the years we have produced a celebratory, special edition market intelligence report analysing the private rental sector and its evolution since the first Martin & Co office opened in 1986, when just 10% of all UK property was being rented privately.
Today that number has virtually doubled, with 19% of households privately renting, a total of around 4.3m properties. Thus, landlords and the buy-to-let sector now occupy a fifth of the UK market.
"The population will divide into those who own multiple properties and those who rent." Ian Wilson, CEO, Martin & Co UK PLC.
The number of mature adults renting today has also skyrocketed 346% since the 80s, and house prices have grown a staggering 768% in the same time frame, at double the rate of FTSE shares (342%).
Average rents today stand at just over £750pcm and are growing at 3pc a year.
Nevertheless, media coverage and government intervention ignore these facts and signal the end of buy-to-let.
However, the figures stack up in favour of all serious landlords, and the last 30 years paint an interesting picture for further growth in the future. Migration, rising property prices and a much higher student population mean that more households will choose to forego owning a house in favour of the stability of renting, an estimated 100,000-200,000 households a year for at least the next five years.
"There is nothing the government can do to stop this growth unless it acts to control rents and grant tenants security of tenure." Ian Wilson.
We have the expertise to help you find, buy and manage an investment property, with all the support you need from your local Martin & Co team in Chichester.
If you are interested in receiving a FREE copy of the latest report please contact me on 01243 887887 or email matt.berry@martinco.com
