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Letting success for Northumberland agent

With the media and economic experts deliberating over the potential challenges and opportunities following the Brexit vote in June it would appear that the property market is yet to show its hand.

With July being the first full month since the vote, recently released figures suggest that 16,000 fewer homes were sold last month compared with the same period in 2015.

The letting market appears to have bucked the trend, at least in Northumberland, as Lorna Morris, Northumberland Lettings Manager for GFW Letting reports a boom month in July having been able to secure tenants for several properties, many within days of them coming to the market.

Lorna commented “The demand for properties has been strong throughout August, several properties were only on our books for a matter of days before being snapped up by tenants”
A two bedroom detached house in North Charlton was placed on the market on 15th August and a tenant secured on the 18th. A substantial four bedroom property in Rothbury launched to the
market on 6th August and let by 19th and a quaint cottage near Lucker was let within 10 days on the first viewing. “Three properties which had previously been on the market for sale were placed with us on the 12th August and we agreed tenancies on two by the 18th with the third the following week” said Morris.

The Brexit vote has undoubtedly brought a level of uncertainty to the market however life goes on and the demand certainly in the letting market appears strong. Following the last couple of successful months and demand from the tenant market GFW Letting are looking to increase their stock levels.

Contact Lorna Morris at lornamorris@gfwletting.co.uk or call 01665 511989 for further details.

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