The housing market has been one of the hardest hit by the global economic crisis but it's finally showing signs of recovery. Tenants are starting to increase in numbers and take up the slack in the privately rented properties which had been flooding the market.
The Association of Residential Letting Agents believes that supply and demand is now in balance. ARLA members who have signed up 10 or more tenancies has increased, and so have the number of tenants. So it looks like more people are starting to rent which is helping to stabilize the market.
House sales have also started to increase which means there are less residential properties coming to the rental market previously helped by lack of sales.
Landlords in the South East have actually seen things go to the other extreme where there are more tenants than properties, now that really is a turn around. The length of time that rental properties are empty for has also decreased, so it is all good news for Landlords at the moment.
The credit crunch isn't over yet and as a Landlord it is a good idea to have Landlord insurance just incase there are further complications. Landlord insurance will give you peace of mind should things go pear shaped again.
For helpful advice on any form of insurance get in touch with Westhill Insurance who have a helpful panel of advisors who can talk you through whatever policy you need.
Westhill Insurance is a very specialised insurer particularly in niche markets like Landlord Insurance. It is also part of a select group of just 130 brokers nationwide who through a streamlined business scheme, is able to offer products and rates that other brokers simply can't match. It is Westhill's status within the insurance world which saw it selected to join this exclusive club which will be vastly beneficial to all of its customers.
To investigate Westhill's prices or to check out its superb product list go to www.westhill-insurance.co.uk. You can sort out a policy on line, you can call Westhill direct or you can have Westhill call you by clicking on "we'll call you." To find out what they can do for you why not get on the phone a talk to a real person who knows insurance inside and out. They can advise on all the best deals available and which will suit your situation best.