Fully-furnished flats and homes are the way forward in lettings
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Fully Furnished, the UK's leading furniture solutions provider
to the property industry, has reported an increase in overall
business of 23 per cent year on year.
Managing director Alec Watt puts it down to a combination of
strong demand in all business areas across the group, and agents
and the public adapting to changing markets.
Mr Watt says that in 2009 the company saw an 80 per cent
increase in their furniture sales packs, due to landlords realising
the importance of furnishing to reduce void periods and increase
rental yields.
He said: "Landlords are quickly coming round to spending a
budget on furniture to create a lifestyle for potential tenants as
they understand that it helps to let their property quickly and
ensures that they can make a bigger monthly rental return.
"Last year saw a huge increase in the service that we provide
for landlords and I believe that we will only see our numbers
increase throughout 2010.
"The reason for this is that we could see changes to conditions
in the sales market with the impending general election and recent
warnings from the Bank of England that we may experience a
double-dip recession.
"This could see people who need to make a move this year opting
to turn to the rental market and becoming, once again, temporary
landlords."
The sales market is continuing on from a busier-than-expected
fourth quarter in 2009.
Troubled times beforehand have, Mr Watt says, caused agents to
become more switched-on in helping to assist sales transactions,
ensuring that they exchange and complete.
This meant that Fully Furnished experienced a substantial surge
in its dress for sale and let service in 2009.
As well as this, it has seen demand for its emergency furnishing
soar recently following on from the horrendous weather conditions
that hit the UK which included snow and freezing temperatures.
Friday, March 19 2010
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