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Bangor Property Blog

2014 and the changing face of the private rental market!

Lettings has changed dramatically in the last decade. In 2014, private rentals (18%) overtook the Social Housing market (17%), to become the second largest tenure in the UK.

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Supply drops and demand increases.

According the Association of Residential Letting Agents, a Landlord Today article, (Sept 26th), shows that tenants looking to rent will face competition for privately rented residential property. Demand among tenants' increases and supply contracts

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'Silver Foxes'

The recent Chancellor's Budget changes of rules on how people can access their savings in retirement. Savers will be allowed to withdraw their entire pension fund, (subject to conditions), from the age of 55 or over

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Long Term Tenancies on the increase!

Tenancy lengths are increasing for various of reasons. Rental prices have gone up so people are more cautious about moving. A lot of tenants can't afford to do it. Some tenants will be saving for deposits, which of course takes longer now

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Gold for a record 3rd time in a row!!

Belvoir was named 'Best Lettings Franchise 2014' at the prestigious Sunday Times award ceremony

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Good mid-terrace rental

This 3 bedroom mid-terrace is walking distance to Newtownards town centre

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Circular Road gem!

This 3 bedroom mid-terrace on Circular Road has been completely modernised and is in excellent condition. This would make an excellent family home.

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Bite-sized Buy to Let

The percentage of people renting is increasing. Tenants are becoming more demanding as to the quality of rental properties. They are also expecting long term tenancies. Belvoir Lettings do not sell properties.

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Firewalking update!

Firewalking at Cutter's Wharf, Belfast, Cancer Focus NI, Belvoir Lettings Bangor, Newtownards, Co Down

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