Letting agents reaping the benefits of market

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One of the leading independent letting agents in South Warwickshire has recorded record results and is predicting a further rise in rentals over the next 12 months.

ehB Residential, which has offices in Leamington and Warwick, has recorded a 15 per cent rise in business over the past year as the economy has improved and demand for South Warwickshire has grown as a result.

The firm has just completed a major redevelopment and refurbishment of its Leamington Lettings Centre.

Director Edward Bromwich, believes the rental market will continue to grow at the same levels for at least the next 18 months.

Mr Bromwich said: “There have been several factors which have helped us to achieve our new results.

“We strengthened our lettings team at just the right time and have been very active in the market both in terms of attracting landlords but also in improving service levels.

“Lettings is a very fast-moving sector as pressure on supply increases and that has meant constantly ensuring we offer the best service levels.

“The improvement in the economy and company expansions in the area have increased demand so we are constantly looking to work with new landlords as stock moves extremely quickly.”

Properties let by ehB Residential have ranged from a one bedroom studio in Leamington Spa to a five bed detached house.

Mr Bromwich added: “We are constantly being approached by relocation agents, which is always an indication of an upward trend.

“Jaguar Land Rover’s expansion has certainly made an impact and with companies like TATA Technology moving its UK operation to Warwick, demand will continue to grow.

“There is certainly a trend of people moving to the area and testing the market before buying, while we also deal with people of shorter term contracts or consulting and they obviously choose to rent.”