Welcome to November's newsletter!
Though the nights are drawing in and the year is almost through, the Housing Market is still all-systems-go, with the Bank of England increasing interest rates in a move that could affect your mortgage, the Government releasing all-important guidance on the incoming Energy Performance legislation, and Rent Smart Wales celebrating its 2nd anniversary.
In this month's newsletter, you can also find our Christmas opening hours - and don't forget you can recycle your baby food pouches (any brand) and Ella's Kitchen branded snack wrappers here in our office.
- Hannah McCartan, Managing Director
General
Interest rates rose for the first time in a decade this month. Though this widely-anticipated move shouldn’t have too much of an impact on the general economy, it may affect your mortgage payments.
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Almost two years in, it has been reported that the first non-compliant letting agent has been successfully prosecuted, but we are still no clearer on just how many landlords are operating in Wales.
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Newly-released guidance from the Government outlines that landlords are not expected to pay for renovations to increase the energy efficiency of their properties out of their own pocket.
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Keeping you up-to-date on when our office will be open, when you can expect rent payments, and how you can report maintenance over the festive period.
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A low maintenance property, conveniently located to attract professional tenants, and offering a yield of at least 7.28% - and we can vouch for its lettings history!
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Supply would appear to be outstripping demand this month as the number of available properties increases and average asking rents decrease. House prices are on the rise.
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