Landlords have been hit time and again over the past couple of years, with stamp duty rises and the scrapping of mortgage interest relief just two of the high profile initiatives introduced by the government.

And here in Bridgnorth it looks like the various tax changes are starting to have an effect, with a gradual reduction in the number of properties available to rent.

That’s not good news for tenants because it means rents will gradually rise as demand starts to outstrip supply.

Average rents in the West Midlands increased by just over 2% in the first quarter of 2017 compared to the same period last year, and this rise is likely to accelerate throughout the rest of the year.

Bridgnorth is a popular location for people looking for property to let because it’s in easy reach of plenty of employment in Wolverhampton and the Midlands. And of course, it’s a lovely place to live!

It will be interesting to see what initiatives the incoming government will put in place to encourage more rental property to become available for tenants.

For more information about letting property in Bridgnorth, why not give me a call on 01746 767 767.

Andrew

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