Khalil: As rental growth grinds to a halt what can landlords do?
Exploring landlord options
Sixty years ago, in 1957, Harold Macmillan was telling us that we have never had it so good. How times have changed!
In 2017 the sad news for landlords is the opposite of Macmillan’s unbridled optimism. Many feel that the private rented sector has never had it so tough.
And the latest analysis of the rental market suggests that things are about to get even tougher, especially for those trying to turn a profit in the south of England.
A tough rental market
Two recent studies of the rental market confirm that the rental market has come to a grinding halt.
In the first, conducted by Your Move, rental growth is revealed to be slowing across England, driven by a price drop in London and the south.
London’s rents fell during November – and those in the south were, at best, stagnant.
Martyn Alderton, national lettings director at Your Move, commented that: “as we approach winter, the heat has been taken out of the rental market and price growth has slowed”.
This pessimistic assessment was confirmed by a new economic index created by academics. The new Deposit Protection Service rent index is based on the UK’s largest deposit protection provider’s database of millions of rental properties across the UK.
Stretching back over ten years it can compare our situation in 2017 with the circumstances we faced over the last decade.
The index reveals that the average UK rent has increased by just £11.55 or 1.51% over the last year. This represents its slowest rate of increase for five years.
What’s more, when compared to the rate of inflation, it shows that the rate in which rents increased was the slowest it has been since the crash of 2008.
It looks very much like it could be tough times ahead for landlords.
Is there such a thing as guaranteed rent in tough times?
Of course, on top of a stagnating rent landlords are also facing legislative and regulatory change, not to mention some seemingly punitive tax adjustments that will make things tougher still.
In times like these guaranteed rent is a very welcome rock amid extremely turbulent seas.
And Khalil’s offers you exactly that.
It’s not just the level of rent that is guaranteed by our Rent Guarantee Scheme.
It’s also its frequency: there are no void periods. We pay you rent month in and month out, whether your property has tenants currently or not.
We also take care of managing your tenants, handle the daily maintenance of your property and we’ll jump through any regulatory hoops that are unexpectedly thrown at the private rental sector.
You protect yourself from falling rents, you are sheltered from the slings and arrows of policy changes and your property is maintained for you.
In fact, you could say: “you’ve never had it so good”!
Forget the bad news and start living the good life.
Phone: 01273 573960 Mobile: 07984 015669
Email: ahmed@khalilproperties.co.uk
Address: 124 Lewes Road, Brighton, BN2 3LG
www.khalilproperties.co.uk
