Slowing Bexley Property Market? Yes and No!
The tightrope of being a Bexley Borough buy-to-let landlord is a balancing act many do well at. Talking to several landlords, they are very conscious of their tenants’ capacity and ability to pay the rent and their own need to raise rents on their rental properties (as Government figure shows ‘real pay’ has dropped 1% in the last six months). Evidence does however suggest many landlords feel more assured than they were in the spring about pursuing higher rents on their buy-to-let properties. During the summer months, historic evidence suggests that the rents new tenants have had to pay on move in have increased. June/July/August is a time when renters like to move, demand surges and the normal supply and demand seesaw mean tenants are normally prepared to pay more to secure the property they want to live in, in the place they want to be. Rents in Bexley Borough on average for new tenants moving in have risen 2.6% for the month, taking overall annual Bexley Borou...