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Some recent research suggests that one in in 10 adults in the UK have a second property. Many of these properties are brought by buy-to-let landlords. The Resolution Foundation who conducted the research found that about 5.2 million owned an additional property between 2012 and 2014.
Our recent Valentine’s posting asking why people chose their current property only reaffirmed the importance of location. Indeed location won by a mile. Of course the mantra "location, location, location", immortalised by Kirstie Allsopp and Phil Spencer, still holds true. Location really is the most important consideration when buying a property.
If you have been looking for more space in or out of the South West of London now could be the time to list your property or view some for sale. As the most recent Rightmove House Price Index report for January 2018 has returned some positive indicators.
Goodfellows know that an unwritten code of conduct underpins good practice in the letting industry. It is reassuring to see one of our trade bodies, The Association of Residential Letting Agents ARLA, describe the introduction of a code of conduct and official register for letting agents north of the border as “a watershed moment for the industry.”