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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

Don’t miss the summer letting wave

The peak time to let your property is between May and August. Get your property on the market now.

Spring signals new beginnings; flowers bloom, animals awaken, temperatures slowly rise and we start to look ahead. The impending bank holidays will give tenants that extra bit of time to consider their next home and families are eager to secure their home ahead of the summer holidays. The same is true every year: May to August is the crest of the letting wave, with enquiries surging across these months (see graph).

(Enquiries 2017 – Indexed to 100)

Spring/summer is a great time to let your property as there are more daylight hours, gardens will be coming into bloom and will look better and the sun will be out for longer (caveat: this is the UK and we are not the Met Office!) Our expert letting team can advise you on how best to present your property for your target market, and once you have instructed us to let your property they will carefully match the best tenant – not just the first one through the door – to your property.

Douglas Lloyd, Associate Director based in our Central Oxford office, advises “Even if you’ve only just started thinking about letting your property, give us a call us to chat through your options. A good agent will give you an honest valuation based on similar properties they have let in the area. Be cautious of the agent whose valuation comes in much higher than others – the likelihood is they are overpromising to win the business, they will have no interest from tenants, and they’ll call you a fortnight later on the Tuesday to propose a decrease to a more realistic rent. Conversely, good agents know what they are doing: if they give you feedback on how to make the property more attractive to great tenants then do consider taking action.”

If you want to let your property at the best rent and to the best tenants you need to list your property with Finders Keepers now. Don’t miss the letting wave – call us on 01865 297999.