It’s a been a long two years since the country first went into a national lockdown, and the airline industry was just one area that was hit hard.
But as spring arrives, the clocks go forward and covid travel restrictions in the UK ease, things are certainly looking brighter. Gatwick Airport – one of the biggest employers in our area – has already restarted flights, but it is re-opening its South Terminal this weekend (Sunday 27th March) as the desire for travel returns.
So why is this a positive step for landlords in Sussex and Surrey?
As businesses begin to return to pre-covid levels, with that comes employment opportunities and a return to work for many that left the travel-related industries over the past two years. This not only bolsters the industry, but it will also help the overall economy in the area, meaning the property market is very buoyant.
Over recent months we have seen properties in areas such as Crawley, Horley, Redhill and Reigate in such high demand, with multiple tenants wanting the properties, and some offering above the monthly rental asking price to secure it.
It is a thriving time and we are now regularly have calls from pilots and crew looking for larger homes to share as they embark on their Gatwick-based career.
There is also a trend for room lets; with single people moving to the area for work, many initially are looking for rooms to rent. Here at Clarendons we have a number of properties we let out for this very purpose and they are always very popular.
We also have our own guaranteed rent service which we find works very well with the airport/airline tenants. With this, we directly rent the property from you the landlord on a guaranteed rent basis, without any fee deductions, and then rent the property to carefully selected professional fully referenced tenants. You can find out more here: https://www.clarendonsproperty.co.uk/guaranteed-rent/
If you do have a property to rent in the Gatwick area then get in touch today!