Rental Market Boom In Places Like Petersfield

Relevancy is crucial when it comes to property and lettings market news. You often find there is a story relating to good news about the property market, but it only refers to certain places, or places which have a certain type of housing.

In recent years, the London housing market dominated the media, and it seemed as though every story related to the capital, and wasn’t relevant to the rest of the country.

Things have changed in the past year, and there is no denying that people are looking away from London with greater intent these days.

Petersfield has a great deal to offer

It is not as though Petersfield is the number one place people think of when it comes to commuting to and from London. Even nowadays, with commuting less common, there are other places that buyers gravitate towards.

However, the train journey between Petersfield and Waterloo Station isn’t that much longer than an hour. Also, if you only have to commute a few times per month, these trips will be more than manageable.

Rural settings are fantastic

A lot has been said about buyers looking outside of big cities, and setting up in rural settings. The same can be said for tenants. There is a great deal to be said for living in the countryside, and enjoying a more sedate pace of life.

We believe Petersfield has a lot to offer, and is the ideal base, even for people who still work in the heart of London. We also know that we are not alone in this thought.

We have spoken with many would-be buyers and tenants of late, and we know this area appeals. We also stay in touch with the latest reviews and studies, and we know areas like Petersfield are in huge demand right now.

Some key findings of the recent study include:

  • Rents outside of London have risen by 8% in the past year
  • Average rents in Inner London have fallen 17.7% when looking at the year-on-year figures
  • The increase in rents (of newly let properties) outside of London is the biggest since these records began in 2012
  • In Outer London, rents rose by 5.3%
  • In the South East of England, rents grew by 10.6%

In a separate study carried out by Zoopla, the time taken to let a property has fallen by 30% compared to this time last year.

Stuart Williams, Director of Thirlmere Deacon, commented: “Investors who have been closely monitoring market movements will recognise that there’s been a shift in tenant preferences and an increased demand for properties located in commuter towns. Our new development is an ideal opportunity for those seeking to secure a buy-to-let property in an established commuter location. Through thoughtful planning, the conversion makes the very most of the available space to create unique, modern and spacious apartments finished with high-quality fixtures and fittings. In addition to the in-apartment features, the development offers excellent facilities including secure bike storage, additional storage facilities, lift access, daytime concierge and allocated parking spaces (available to purchase).”

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

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