"The current market is completely opposite to the market that created the ‘accidental landlord’. Vendors are not being forced to let because they cannot find buyers; they are opting to let their properties because the rental market is so strong.
"Having owned their properties for a number of years, rental prices can produce attractive yields. Property owners want to try both the sales and lettings market as both are offering good returns – if they opt for the latter; they gain a strong rental income while the value of their property increases further, so it’s a win-win."
July is typically a quiet month on the property market but for LDG, although the quantity of inquiries is lower, the quality is high.
Ben said: "People who make inquiries during July are genuinely serious about wanting to purchase – they are not window shopping. As a result, we are still experiencing a constant stream of exchanges. We have had a number of properties going under offer within a week. For example – we agreed a deal on a two-bedroom penthouse on Lambs Conduit Street for £885,000 just a week after it came onto the market."
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