In addition, Countrywide reports that 7% more would-be tenants registered during the second half of 2014 compared with the first six months, despite the latter being a traditionally busier period.
The new report (29 January) shows that 26% of tenants who renewed their rental contract at the end of 2014 found that their rent increased by 2.9%. In fact, the monthly cost of renting a home is just £59 cheaper than buying one. (Last August saw an average rental increase of £13.)
With Rightmove forecasting a 5% rise in property values this year, now could be the right time to get on – or move up – the property ladder.
“We are already starting to see increased activity within north London’s housing market” says Jason Dyer of JTM Homes.
There are plenty of options within the property market – especially within north London. As well as investing in property, buy-to-let properties are increasingly popular, as rental yield looks set to rise.
Before you make a decision, come along and have a no obligation chat with the team at JTM Homes.
We’re specialists in the north London property market and have dedicated teams for sales and lettings. Contact Us – it’s good to talk.