A Record Start To 2009

SWOFFERS have enjoyed a record breaking first quarter in the rentals market.

Following a highly successful end to 2008, the trend has continued in the first three months of this year with an ever increasing number of rentals month on month. Senior lettings negotiator Sue Nicolle sees no reason why things are about to change.

‘Across both the Local and the Open Market we are experiencing a large number of enquiries. The market has been highly active in this first quarter with many properties being let before they have had time to be formally marketed’ she said. ‘In these times of financial uncertainty and with increased deposits required on mortgage lending, renting is an attractive option.’

As a consequence there is a shortage of rental stock available and rental properties are achieving high yields, with landlords having the luxury of a pick of high calibre tenants. Our local market sales team have also been very successful this quarter in satisfying a new type of investor looking at capitalising on strong yields, up to to 6% gross in some cases, in the buy to let sector.

Perhaps the highest demand for rental properties is in the Open market where have we have seen high numbers of enquiries from many 'groups' of tenants. Families are still relocating to or moving within the island but many applications are from professional sharers.

Swoffers has a genuine would-be tenant with substantial available funds looking to rent a stunning home with sea views.

We offer a full Lettings and Management service for all types of property.

Please call Sue or our rentals team on 721757 for more information.

Sue Nicolle Lettings Negotiator