No recession for letting agents
With so many businesses and organisations feeling the pinch due to the current economic climate, letting agents have good reason to feel pleased with themselves - because the lettings industry is absolutely flourishing.
Letting agents are experiencing unprecedented business activity these days, and all indications are that this situation is here to stay. What we have seen in the last year or so is the beginning of a permanent change to perceived attitudes to property ownership versus renting in the UK.
This is in large part due to the banks and building societies tightening their lending policies, effectively putting home ownership out of reach of very many individuals, who have consequently given up all hope of owning their own home and resigned themselves to being renters.
This situation is reinforced by the fact that at the same time property prices have increased to unaffordable levels for the average wage earner.
There are also many individuals who are reluctant to take on the financial commitment of a mortgage in these uncertain times, with job security in a lot of occupations being a thing of the past.
Everyone needs somewhere to live, therefore letting agents will always be busy. Setting up a letting agency therefore represents a superb business opportunity these days.
A further bonus for anyone starting a letting agency is that, as demand for rental properties has increased throughout the country, so therefore have asking rentals. This is a natural result of the forces of supply and demand. The benefit of this to letting agents is that, as letting agency fees are based on a percentage of the rental, their fee income has increased accordingly. It really is a win-win situation for letting agents these days.
It is a fact that in the business world, recognising an opportunity to turn what is a disadvantage for many into an advantage for yourself is a proven formula for success. As they say - every cloud has a silver lining.
That's why we strongly recommend that you grab this letting agency opportunity with both hands. The decision you make today could shape your financial future for the rest of your life.
To discover how we can help you tap into this lucrative market and become a letting agent, have a read through the information on our website, and contact us with any questions you may have. As you can see, we are not offering a costly letting agency franchise, but a well-proven low cost alternative.
We look forward to welcoming you on board, and helping you to quickly and smoothly build a successful letting agency business with the benefit of our extensive experience.
Posted: 01 August 2011
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