Townends encourage investors to look at the longer term returns

The Property Investor Show recently reported that 70% of property investors are planning to grow their portfolios this year, which has been evident throughout our Townends branches. This year, in light of the changing shape of agency, we have seen numerous vendors switch to let their property and indeed, due to adjusting house prices, rental yields have seen a boost and many investors are looking to take advantage of the current ‘buyers' market.

Caroline Kavanagh, Lettings Operations Director for Townends estate agents comments: "A vast majority of our professional investors are still confident and on the look out to expand their portfolio and, with the current demand, and a growth in the return on rental achieved, there is every reason to invest.

“Now really is the time for landlords to take a longer term view and look to purchase to make the most out the market we find ourselves in today and on the good returns they can achieve. For example, a one bedroom apartment in Chiswick was on the market at £199,950 and has now been let for £1,000pcm which would give a 6% return and similarly in Woking, a studio apartment was on the market for £120,000 and has been let now for £650pcm, getting as much as a 6.5% return."