Dacres - Yorkshire's Leading Estate Agent

Investors return to bricks & mortar in Yorkshire

Consistently strong demand for rental property and low cash deposit interest rates are resulting in a surge of investors returning to bricks and mortar according to Yorkshire's leading independent estate agent, Dacre, Son & Hartley.

The company's investor sales have reached their highest levels for more than 10 years and demand is increasing at such a rate that the agent has just launched a free quarterly newsletter that is specifically designed to guide investors through the pitfalls of buy to let.

David Phillip, Director who heads the property investor service explains: “Up until the second half of 2009, property investors had all but disappeared. However the extended low interest rates and increasing liquidity are providing an ideal opportunity to borrow money cheaply and invest in the buy-to-let market.

“A lot of parents are taking the same view and using savings to help their children take advantage of deflated property prices and start climbing the ladder.”

David adds: “There is a definite shortage of rental properties across most of West and North Yorkshire and investors who do their research and arm themselves with professional advice can buy property that will let straight away. Our newsletter is designed to offer both landlords and potential tenants a carefully selected portfolio of properties as well as information about all the latest developments in buy to let.”

Since the start of the year, Dacres has seen its property management business grow by 48% and its lettings figures increase by 24%. The company currently manages a portfolio of more than 550 properties across its 19 offices, with a value of approximately £106m.

As well as showcasing properties that appeal to investors, Dacres' dedicated investor services include offering specialist financial advice and a wide range of lettings services including 'Tenant Introductions', 'Let Only' and a full 'Management' service.

For further information on Dacre, Son & Hartley's letting department, to subscribe to the company's newsletter or to arrange a free market appraisal, call David Phillip on 01943 463321 or email him on jdp@dacres.co.uk