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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.

Struggling to Sell? Act now

The number of properties advertised for sale in Banbury has increased 29% year-on-year1, so it’s not surprising that the average time on the sales market has increased to 114 days1. As a result, we have seen a rise in the number of people contacting us because they are considering letting as they have failed to sell. A recent example is a 3 bedroom stone-built cottage in the popular village of Byfield.

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There’s always someone who will do it cheaper

As with many things in life, you get what you pay for and ‘cheap’ is not often associated with ‘good service’. We totally understand why a landlord would be tempted by an agent claiming to offer the same level of service for a cheaper price – we’ve been lured in by attractive pricing ourselves.

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Surfing the summer wave – don’t miss out

Quarter 2 (April, May and June) sees the annual letting wave build towards its peak of the summer months. In general terms, this means there is more variety and fewer ‘trends’ in terms of what lets best and who is renting in Oxfordshire – over the last three months we have let more than 600 properties across the county and these have ranged from 1 bedroom annexes in the grounds of the owner’s home up to 7 bedroom houses. However, there have been ripples of difference across our eight offices.

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