At the RESI residential property conference last month, over 850 property professional turned up to hear that the residential property market, whether purchase or rental, is at the heart of relocation.
A leading economist said that he believes that the current housing market is “seriously overvalued” and even went as far as to suggest that if house prices fell lower it would be a positive step for the economy.
What does this mean for those who have a property they wish to rent out rather than sell?
In terms of employees who have to relocate for their work, it’s probably a good thing because they are unlikely to be able to sell their original home quickly and easily. A warm, welcoming, temporary home in a strange new city will always be easy to let – especially if the new tenant knows you are playing fair with their deposit!