The long term rental market in Newquay and surrounding area has had a very positive start to 2023. Demand from good quality tenants for long term rental properties has been extremely strong since the start of the year and there is no sign of this abating as we head towards the Spring. We are seeing significant amounts of tenants relocating from other areas in the country coming to Cornwall for high quality employment plus increased movement of tenants within the county. Fortunately, compared to the last few years supply has increased although demand still outstrips supply at the moment. This continued imbalance is having a positive impact on rental prices although we have seen prices level out as the cost of living continues to affect affordability and cash flow for so many people.

Despite the headwinds of increased interest rates and overheads for Landlords, providing the purchase is structured carefully we still believe there is significant benefits in investing in the long term buy-to-let market, especially as the capital cost of entering the market has reduced with the softening of property prices. The cost of being a Landlord has increased over the last few years but with high demand plus solid rental prices there is still benefits of being a Landlord in a popular coastal location such as Newquay, especially if you factor in the potential growth in property prices over the next 5-10 years.

The choice of rental property is key to success and we can help with advice on which property to buy and what locations are most popular with tenants. We have an extremely robust vetting and referencing process to ensure that we pick the best tenants for your property and our full management service ensures that you do not need to worry about the day to day workings of having a tenant in your property.

If you are considering entering the market and would like some friendly impartial advice we can help. If you already have a rental property and would like to discuss our management service we can help. If you are uncertain on your holiday let income this year and would like to discuss options after this season we can help.

As Newquay’s longest running long term residential letting agent with the largest rental portfolio we are perfectly placed to help with all of your rental property needs in Newquay and the surrounding 10 mile radius. Give us a call or send us an e-mail and lets see how we can make your life easier.

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Jonathan Start
Partner