19 March 2015
The first 3 months of 2015 have been our busiest since we opened in Ripon, back in January 2012. We have seen record numbers of new instructions, which has resulted in record numbers of lets agreed.
The theme is continuing with daily requests for valuations and our applicant database is growing rapidly. This has resulted in properties letting within days of being listed.
The start of 2015 has also seen the re emergence of the Buy-to-Let investor, looking to take advantage of increasing rents and the added security of longer initial tenancies. A recent study of our managed portfolio showed that the average tenancy in Ripon and the surrounding villages in now over 2 ½ years. We believe that the upcoming relaxation of pensions will see many more new Buy-to-Let Landlords entering the market, as they look to take advantage of the strong market conditions.