Ask an Expert: Alf Ciarolo. PART 1: Calling all Landlords: Are you ready for the boom in demand for rental property?

Story posted: 14.05.20

Landlords across the county have been on a rollercoaster ride over the last month with the Coronavirus outbreak putting a real risk on their rental income and uncertainty that has not been felt for many years where the security they relied on through regular rent payments has been distorted by the furloughing of staff and the stop button pressed firmly on the High Street.

As with the financial markets, what goes down must come up and the economists we have listened to about the property market have been much more bullish and optimistic about the property sector than we had anticipated. The economy is being pumped with newly printed money by the banks and the flow of this money through the economy is being restricted by the lockdown. When we resume normal social operations and the High Street reopens there is an expectation that the money will start to rush out of people’s pockets. But in which direction?

We are passionate about property so interested in what our buyers and renters will do with their money and how that might affect house prices and rents after the shutdown. Our measures are the traffic of people looking at our website and marketing channels and the feedback about what they will do when property transactions are back in full swing. In these areas we have already seen some of the major property portals stats and our own website intelligence reporting a pent-up demand from tenants and buyers to move at the earliest opportunity so we are preparing our processes and strategy for a rush back to the property market from buyers and tenants.

For landlords there some key decisions that would help at this point that could prepare you for the boom in demand for rental property and plan for an optimum return on your investment and nest egg.


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