Ayr lettings market remains strong

The lettings market in Ayr is still going strongas many would-be property owners still choose to rent during the uncertain economic climate.

Statistics from property consultants CKD Galbraith show the average rent in the area has remained steady at £641pcm over the year, and there has been a notable shift towards a demand for larger properties to let in the first quarter of 2012. The average time to let for CKD Galbraith’s Ayr office is over a week less than the Scottish average of 44 days, as reported by Citylets.

Currently there are 300 properties being let out through CKD Galbraith’s Ayr office.

Joyce Smart, CKD Galbraith’s lettings manager in Ayr, said: “Our local statistics from Ayr reflect the national trend for the growing demand for privately rented homes.

“There is no doubt that the swell in popularity of rented accommodation is caused by the continuing difficulties that would-be homeowners are facing in financing their first purchase. However, there has been a shift in the dynamics over the last few years.

“The rental market is not just the choice of the young and old – the groups who traditionally tend to rent. We are now witnessing more families and full time workers renting in the face of barriers such as tight mortgage lending criteria, job-related relocation and an uncertain financial future.

“In Ayr we are seeing a significant demand for quality flats and houses from both young professionals and families,”Joyce added.

“We have noticed a trend of landlords moving towards a managed service as legislation tightens in this sector of the market with the launch of the Tenancy Deposit Scheme this month.”

CKD Galbraith offers both the full lettings management service and a finders-fee service dependant on landlords’ requirements and work closely alongside our residential sales department.