Spring 2012 has started on a positive note for the Bristol lettings market with increased levels of activity recorded.
Our forecast is that landlords and letting agents will see another bumper year in Bristol, as historic low interest rates and gradual easing of lending restrictions continues to stimulate growth for buy-to-let properties.
We expect demand for private rented properties to remain strong throughout 2012 and well into 2013. This is because more potential homebuyers are forced into rental properties, because of difficulties raising the capital for a deposit to buy their own home and a lack of mortgage availability.
As a result, more tenants are renting for longer periods than they envisaged, providing increased security to landlords. Landlords are enjoying a positive income stream, potential capital growth and seeing inflation erode the value of their mortgage debt over a period of time.
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