How are things shaping up for the rental property market?

Are house prices going to continue plunging, or will the increasingly sluggish property market soon bottom out? Anyone who knows the answer to that question could make a fortune – but of course nobody does know, despite the many predictions by so-called experts.

What is clear, however, is that renting in Berkshire is a popular option for many local people at the moment. If you’re a tenant, it’s a sensible way to mark time – and perhaps ‘try out’ an area where you plan to buy – until there is greater clarity in the housing market. If you’re a landlord, property letting in Reading is always a good option, because there are so many commercial organisations in Berkshire that there is a constant demand for corporate lets for employees new to the area, as well as for local people. In fact, for property letting Berkshire is one of the UK’s liveliest areas, with a big market for renting in Caversham, as well as in Reading itself.

With forty years’ experience of property market rises and falls, the local property lettings agent, drummonds-letting.co.uk said “While few properties are selling at the moment, the rental market is really thriving in Berkshire, with the number one location for property letting Reading, and also high demand for property letting in Caversham”.

Drummonds-letting.co.uk also added: “The best tenants are those who appreciate a well-decorated and equipped property, because they will look after it as if it were their own. That results in happier, more comfortable tenants and smaller maintenance bills for the landlord”.

Can you be a landlord? They come in many shapes and sizes. While some are professionals with an extensive property portfolio, others are ordinary people who have inherited or purchased a single property. Some are even renting somewhere temporarily themselves while they let their own property, rather than selling it when prices are depressed.

Drummonds property letting and management services is one of Berkshire's keenest lettings agents, based in Prospect Street, Caversham. Visit their website at Drummonds-lettings.co.uk/ for more information.