Could Hampshire houses be let quickly?

Purchasing buy to let insurance on a home in the Hampshire town of Hart could be a good investment for landlords, as a new survey ranking the location as the best in the UK for quality of life may suggest it is in demand with renters.

Research by Halifax showed 95 per cent of residents in the settlement said they were in good or fairly good health, weekly average earnings were high at £841 and the crime rates are among the lowest in the country.

Additionally, men in Hart can expect to live longer than those in other areas of the UK, with the average longevity at 81.7 for males, 91 per cent of households have good broadband access and even the weather is better, with the location receiving more sunshine and less rainfall than the typical British town.

"On the other hand, average house prices in the area are amongst the highest relative to local earnings, highlighting that a high standard of living often comes at a price," economist at Halifax Martin Ellis stated.

While this could make insurance for rented property even more of a must in the area, if real estate values keep rising, it could also mean landlords are in for strong capital gains.

It looks like UK house prices will remain steady next year, as the Royal Institution of Chartered Surveyors' Housing Market Forecast suggested any falls in what sellers are asking for their abodes will be limited by a shortage of available domiciles.

Get a buy-to-let property insurance quote today from Simple Landlords Insurance.

Posted by Royston Hunter