The Private Rented Sector (PRS) in Poole is thriving, with strong rental demand providing stability and opportunity for Landlords. Despite proposed changes in legislation the rental community grows and the PRS is a vital part of the local housing landscape, offering flexible living solutions for residents while delivering a steady return for property owners.
We have seen demand soar year on year, having a positive impact on the achievable rental and resulting in, on average 18 -24-month tenancies, providing some longevity.
Whilst changes to the industry are afoot the pending Renters Rights Bill will provide both challenges and opportunities for Landlords. The reforms, aimed at improving tenant rights and ensuring higher standards of accommodation, may require property owners to adjust their strategies and the costs and compliance that will come with this could prove challenging for some though, the long-term benefits are undeniable.
Navigating the changes require expect advice and tailored strategies and our Team is here to assist landlords in understanding the legislation, implementing necessary updates and positioning their properties for sustained success. Whether you’re a seasoned investor or new to the market, we can help you adapt to these developments while maximising the potential of your investments.
The local rental property market is evolving, but with proactive planning and professional guidance, landlords can continue to thrive in this dynamic environment.
Photo: Katie Ticehurst, Director, Frost & Co.