Happy New Year and Thank you to all our Clients

As we bid farewell to 2023, we wanted to take a moment to express our sincere gratitude for your business throughout the year. It has been a challenging period marked by rising interest rates, a sluggish market, and the introduction of legislation in response to the cost of living crisis.

The implementation of emergency legislation, which included rent caps and eviction bans, brought about a significant shift in the real estate landscape. While this move aimed to address the affordability crisis, it also led to a surge in demand for rental properties, subsequently impacting prices.

We understand that these changes have presented unique challenges for property owners. Some have found themselves navigating a delicate balance as their rental incomes dipped below market value, coupled with increased operating costs. 

Looking ahead, we want to assure you that the emergency legislation and associated restrictions on existing tenancies are set to be lifted in March 2024. This development opens up new opportunities and possibilities for strategic planning and portfolio optimisation.

If you're considering reviewing your portfolio to ensure resilience against future challenges or if you're interested in exploring avenues for portfolio growth, we are here to assist you. 

Now, as we approach a pivotal moment with the impending removal of restrictions, I believe it's an opportune time to discuss your portfolio and map out a tailored strategy that aligns with your goals.

Please do not hesitate to reach out and schedule a catch up, if this sounds like something you would like to do. 

Once again, thank you for choosing Dymock Properties as your letting agent, I look forward to continuing our journey together in the coming year.

Wishing you a prosperous and successful 2024.

Neil Dymock

Director