Savills lettings manager, Richard Maby reviews the current lettings market in Henley
e_SDLqThere can be no doubt that, since the revival of the sales market towards the end of last year and beginning of this year, a number of investors have made the decision to try and capitalise on the value of their property portfolio and consider selling properties which have, for the past few years, been available solely to let.
“Many of these individuals are accidental landlords who, post 2008, made the strategic decision to let rather than sell but many are also seasoned landlords looking to capitalise on the value of their property today rather than wait for the potential negative impact that a general election year may bring.
“As my colleague, Stephen Christie-Miller, wrote in an article published a few weeks ago, the sales market in Henley has slowed in the past couple of months with supply outstripping demand changing the market to a buyers’ market for the first time in recent memory. Whilst it is indisputable that sales are still happening and our teams are cautiously optimistic looking forward, the change in dynamic is having an impact on the lettings market in Henley and its surrounding villages, leading landlords to reconsider marketing their properties as available to let in the short to medium term.