Lettings market stays strong in Hertfordshire
PUBLISHED: 09:21 21 January 2010 | UPDATED: 16:35 20 February 2013
A SHORTAGE of properties to let and rising demand has stabilised rents in Hertfordshire, according to Savills' Tanya Blake
A SHORTAGE of properties to let and rising demand has stabilised rents, according to Savills.
Tanya Blake, head of Savills Home Counties Lettings, said, With the natural seasonal slow down, we anticipate we wont see dramatic increases in rents for some time. Whilst corporate activity has increased in the last month we will need to wait and see what will happen in this sector as it is so reliant on the recovery in the economy.
Landlords need to be realistic about price and properties must look smart, said the expert. I would advise landlords to speak to their letting agent before they do any work to ensure the finished product meets the criteria for their target market, as the finish required will vary depending on local market demands.
Quite often a property will look much more enticing once furnished and good photos are a must for marketing.Tanya added that good property management is also very important in order for the property to be maintained and for any problems experienced by the tenant to be fixed immediately, especially in the winter months.
The Harpenden lettings market has been busy over the last quarter with record numbers of properties let compared to last year. Carole Bratt, head of lettings for Savills Harpenden, commented, There is still a shortage of properties in the mid-market price range between 1,000 and 2,000 per month and if any landlords are considering whether to let their properties, they must not be put off by the time of year. It is quite the opposite. December 2008 and January 2009 were our busiest months overall. We almost ran out of properties to let.