Why now is the perfect time to let your property!


Thinking of letting your property? Now is the right time, as rents are rising across the UK!
Rents in every region of the UK rose for the first time since October 2014 with new tenancies agreed in London scaling £1,500 per month for the first time in May, the HomeLet Rental Index suggests.
Rents agreed on new tenancies across the UK in the three months to the end of May 2015 were 10.7% higher than the same time last year!
Martin Totty, chief executive of Barbon insurance Group, the parent company of HomeLet, said: “Rental values are now increasing year-on-year across the country with no exception.  “After a short period of London rents rising more slowly when it seemed the rest of the UK may catch up or even exceed the capital in the speed at which rent prices were increasing, we now see the rate of price rises in London returning towards double digit growth, while the rest of the UK continues to rise steadily.”
He added: “With the whole of the UK experiencing increases in rent prices agreed on new tenancies, it is possible this is an early indicator of a post-election private rental market where both landlords and tenants might expect rent prices to keep rising as demand continues to grow.” To take advantage contact Shoreditch estate agents such as Nelsons.
For more information and innovative ideas on selling or letting your property, please contact Nelsons Estate Agency in Shoreditch. 020 76131798 / www.nelsonssales.com