Our Senior Property Investment & Market Advisor, Rhys Owen, issues advice to Cardiff landlords on guaranteeing tenants for many years to come.
You may have read our recent article on the state of the PBSA market in Cardiff.
Whilst we predicted more than half will fail to reach 100% occupancy for the next academic year, several thousand rooms have been rented and should be regarded as direct competition for your HMO.
The investors with millions of pounds tied up in these PBSA developments won’t be happy to see half of their rooms go empty for long, so there’s no doubt in our minds that prices will eventually be reduced in order to encourage 100% occupancy.
When this happens, the threat to HMOs becomes even bigger, so I’d like to ensure the future letting of your property by coming up with a forward-thinking plan.
Whether you’re a current client of CPS Homes or not, I’d welcome the opportunity to meet with you and discuss the long-term plan. Together, we can ensure your property is fully-occupied for the maximum possible rent for many years to come.
Despite the movement in the market, buy-to-let remains a solid investment channel and I continue to work closely with a vast database of investors looking to purchase either a first property or expand their existing portfolio.
Get in touch with Rhys today via firstname.lastname@example.org or 02920 574732.