Prospects for the Aylesbury lettings market

I was discussing the local Aylesbury lettings market and all things lettings with a landlord this morning. We had both seen the following BBC article 'The disappearing property ladder' ...  http://www.bbc.co.uk/news/magazine-31762127
Forgive me for taking advantage of a BBC link but the full article is an interesting read.
The main points we both took from the article were some of the startlingly good figures for landlords.
In the last decade there have been substantial changes in the property market, as the article says, ten years ago 59% of 25 to 34 year olds owned their own home in England_ now it is 36%. Those buyers are now renting instead from landlords like you and me- 21% were doing that 10 years ago now its 46%! a huge shift in the market.
There is no sign of this trend changing. The ability of first time buyers to acquire a deposit is not about to change, they will continue to be a rare breed. Sale prices are strong and look set to continue being so, driven by investment buyers and the lack of supply. The younger generation no longer aspire to be homeowners in the same way we did, many see it as an unrealistic goal to achieve in the current climate.
Buying to let continues to look like a good retirement or investment plan. A good example of the right thing to buy has just come on to the market with us this morning.





Holly drive, Aylesbury. £215,000.

Rental demand for two bedroom houses is strong and you should see rent achievable around £800pcm, 4.4% gross yield.
If you are considering buying to let and want some straightforward advice please feel free to contact me at any time.
ian@mortimersaylesbury.co.uk
Ian Davies 01296 398555