Post Stamp Duty Glut of Rental Properties?

Posted: 15/6/2016

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There are signs that there may be a "glut" of rental properties now hitting the lettings market post the stamp duty "spending spree".

Some sources have said that there are record numbers now up for rent following the stamp duty change in April. This surge may be down to landlords getting properties ready for letting, whether it be full refurbs or just a bit of decor, and now hitting the market.

The stories make sense although we haven't really seen much evidence of this in Belfast. Any temporary over-supply will of course be good for tenants as it will possibly steady recent rental rises. For landlords, the rental market has been pretty positive, and whilst it might keep a cap on returns, landlords are generally interested in steady income as oppose to peaks and troughs.

If you are a new landlord and would like a trustworthy agent who will properly look after your property, pay you quickly, and charge fair NO VAT fees, then get in touch.

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