Good News for Landlords – More Tenants Looking Than Ever Before!
The number of tenants looking for rental property in Manchester City Centre with Thornley Groves reached an all time high this month, providing further evidence that the Manchester property market is returning to full swing.
The number of tenants registered with Thornley Groves – Manchester’s leading Estate Agents – has increased 117 percent since the start of the year, propelling demand for rented property in the city centre to an all time high.
These figures follow two recent reports from Thornley Groves indicating that sales activity across Manchester has also increased significantly this year.
The number of people looking for rented accommodation in the city centre traditionally increases in July, driven in large part by the influx of university students into the area ahead of the new academic year.
Significantly however, numbers are up more than 50 percent on July 2009, having reached their highest peak in recorded history. We really are seeing more people than ever before looking for Manchester lettings!
This increase will come as welcome news for the Manchester property industry, and represents a superb opportunity for investors looking to enter the buy-to-let market. There remains a shortage of new investment in buy-to-let stock following the period of illiquidity brought about by the on-set of the world recession in late 2008.
With such high current interest in the Manchester property market amongst tenants, we believe that the current window offers the perfect opportunity for new investors to enjoy a high return.
With the recent opening of our new state of the art office on John Dalton Street, Thornley Groves is expanding alongside the market to cope with growing demand. We now operate 4 offices across Manchester city centre, employing 40 sales & lettings consultants and maintaining a higher staff to property ratio than other agents.
In addition to lettings and sales, we also pride ourselves on being the best managing agents in Manchester, providing dedicated property management in Manchester City Centre and the surrounding suburbs we operate in.
For a full list of Thornley Groves properties available for rent in Manchester City Centre, please visit the rentals section of our site: http://www.thornleygroves.co.uk/search-rent/.
Alternatively, for a free valuation on your own property go to: http://www.thornleygroves.co.uk/valuation-request/