Rental market reaches all time high across UK cities
One of Scotlandís leading property management firms has reported record occupancy levels across a number of UK cities with soaring levels of demand for rentals, despite the recent doom and gloom across the property sector.
Grant Management has recorded 94% occupancy levels in Edinburgh and Glasgow, 96% in Dundee and 100% in Stirling.
Grant Management says the rental market is the healthiest it has been in years as a result of better returns for landlords and for those who can afford to invest in a buy-to-let property. The firm has noticed increased demand from people looking to rent until the market picks back up including those who are postponing climbing onto the property ladder and others who have sold properties, but are holding off buying new ones.
Peter Grant, chief executive of Grant Management commented: ďItís a buyers market at the moment and the yields are strong. If you can afford to buy a property just for rental purposes it makes a lot of sense and the returns are pretty much guaranteed. Demand for rentals in Scotland has gone through the roof and weíre now in a position where we are looking to source additional properties through our property management side of the business.
ďOur biggest challenge at the moment is finding property, not letting it out. Management companies are battling it out for flats in Edinburgh Ė you can see this by looking in the papers or in adverts. This is all becoming more acute as the slump in the mortgage market continues and people are having to consider property commitments more closely.Ē
The firmís property management service is second to none and unlike many of its competitors, Grant Management is ARLA registered and as such work to the highest industry standards. The team take the hard work out of being landlord and have consistently achieved 95-98% occupancy across managed properties.
Grant Management was set up in 1997 by husband and wife Peter and Colette Grant. Peter and Colette Grant based Grant Managementís business model on their own personal experience as investors, landlords and tenants. Subsequently, Grant Management aims to put itself in the customerís shoes and to align the customerís interests with their own.
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