Is now a good time to invest in property in the South Wales Valleys?
Since the Covid-19 pandemic, the housing market has soared - the highest in 17 years in fact! Naturally, this has got potential investors wondering, is now the best time to invest in property? If so, where is the best location to start investing?
As a result of the pandemic, a lot of working tenants saw themselves working remotely and now with many organisations offering to continue this afterwards, we are seeing a lot of people start to move to more rural locations rather than continue to live in cities closer to work. With the national lockdown affecting everyone, there are also a number of people who are now wanting to move closer to family and go back to their roots after moving away for work. Tenants who are residing in flats in city centres also saw the downside to not having any outdoor space and are now looking for properties with this facility and due to reduced commuting, are looking further afield where they can get more space for their money. With the lack of rental properties available in the South Wales Valleys at the moment, there is a huge demand for more, with properties being let agreed quicker than ever with long term tenants.
All of this is great news for investors and the lettings market in the South Wales Valleys. Prices for properties may have risen but are still considerably lower here compared to surrounding cities and we are currently seeing a huge demand for rental properties. So if you're looking for good value property investments, you won’t be disappointed if you look for an investment in Merthyr Tydfil and the surrounding areas. This means achieving high yields for buy to lets and making an excellent long term investment overall. We have an extensive list of quality tenants who are waiting for a property and new instructions are being taken instantly. Now, is definitely the time to invest in property in Merthyr Tydfil and the rest of the South Wales Valleys to take advantage of the current market. It is predicted that from 2021 to the end of 2025, there will be an average increase in residential property value across the UK of at least 21.5%. Therefore, the earlier property investors and developers join the market, the more they are likely to benefit from this and this could be you!
So what are you waiting for?! We understand taking the first step to becoming a property investor and landlord can be daunting; so whether you are planning on building an empire and have a property portfolio of fifty or more houses and flats, just purchase one or two buy to let properties, or if commercial properties are more your thing, we can help! With decades of experience in the property management industry, we are on hand to help you through every step of the way. From finding the ideal investment to managing each tenancy going forward, from start to finish. Whatever you decide, if you are looking for a find tenant only service, rent collection or would rather us look after everything and go for the fully managed service, we can tailor every package to what you need, and answer any question you may have to make sure everything runs as smoothly as possible.
So, if you’re considering becoming a first time investor or developer and have any questions or queries, get in touch with the Neighbourhood Properties team on 01685 375511 or firstname.lastname@example.org . Alternatively, you can pop in for a cuppa and a chat, we are located on Glebeland Street in Merthyr Tydfil town centre. We'd be more than happy to help!