colinrealestate

As 2010 gets under way it seems there are fewer vacant rental properties available and certainly better presented and larger homes are in hot demand.

First National Group’s latest quarterly property management survey has thrown up a number of trends, amongst them. First National General Manager John Stewart commented “Tenants seemed to be reacting favourably to the Government’s 2009 drive to upgrade home insulation by seeking modern or modernised homes.

Overall vacancy rates have halved since the middle of last winter, and a quarter of our offices reported occupancy rates of around 99%.

Stewart added “Higher quality homes were in demand overall, with “cheap and cheerful” rentals in excess supply. We have also Investor activity is also up notwithstanding nervousness over property tax changes.”

Filed under: REAL ESTATE | Tagged: Real Estate