GIBRALTAR PROPERTY RENTALS
Our own property management portfolio has grown substantially since we began to focus in this sector back in 2006. The market has very clearly been on the up in terms of volume and prices, particularly since 2011, when in fact, we had indicated would be the case at the time, and suggested that this may see a prelude to rising prices thereafter which again, you will see from our chart was very much the case.
Increases in lettings prices are driven by demand but are also good indicators of economic activity and the potential of further renewed interest from new applicants on the sales market. As mentioned, this was very much the case in 2011 and following years. We do not necessarily see this approach this time round (the jury is out) and take a view that rental prices are more likely to remain settled, certainly leading up to the completion of the recent new “off-plan” schemes recently launched.
Landlords will no doubt be pleased to see their ROI doing well across the board and gross yields generally ranging between 4.0%- 6.0%. We expect this to remain the case over the next 12 -18 months