According to a new report by FindaProperty.com, rents soared to almost a two year high during the third quarter of 2010 due to high levels of demand from tenants. One investor who has just purchased his second apartment at AQ in Portsmouth Harbour believes that because of this and a succession of recent house price drops, now is the perfect time to invest in property.

Scott Matthews (23) bought his first property, a two bedroom apartment at AQ three years ago and has enjoyed living at the development by Crest Nicholson Regeneration so much that he decided to buy another.

Scott comments: "Now is a great time to buy, house prices and interest rates are low so I decided that it made sense to purchase now before it's too late. I've secured a two year fixed rate mortgage deal and feel confident that buying another apartment at AQ is a good long term investment. Through the local agent, Your Move, I managed to rent out the apartment within 24 hours, achieving a rental yield of almost seven per cent which I'm very pleased with.

"There are so many benefits to this development - the 24 concierge and the security that this brings as well as the very well-kept communal garden, making it very attractive to those looking to rent in a central location. I opened my own restaurant earlier in the year, Relentless Steak & Lobster House based in Portsmouth, being a chef by trade, so it's proving a very exciting year for me in terms of investments." Helen Boniface, Sales & Marketing Manager, Crest Nicholson Regeneration, comments: "Rental demand for apartments continues to soar at AQ and with only 11 apartments now remaining we would urge anyone looking to make an investment to do this as soon as possible. We continue to offer the Invest2Let package with Your Move for first time investors considering this purchase which is aimed at making the purchasing and leasing process easier for investors at a considerably lower cost than a managing agent would typically charge."

Invest2Let, a joint initiative between Crest Nicholson and Your Move includes a range of incentives to ensure that first time investors get all the support they need to make buying a stress-free process. The specially designed package covers everything from the management of the property to a rent collection service and a tenant finding service.

All apartments include open plan kitchens and access to a 24 hour, seven day a week concierge service. Friendly and approachable, the concierge is a point of contact for home owners, as well as taking important deliveries.

While the two bedroom apartments come with a parking space a Car Club is also available to residents at AQ who aspire to an eco-friendly and affordable approach to transport. AQ is also well connected, with train services out of Portsmouth Harbour station, just a few minutes' walk away, providing high-speed links into London Waterloo in an hour and a half, and mainland Europe just a ferry-ride away.

Prices start at £135,000 for a one bedroom apartment. For more information contact the Crest Nicholson Admiralty Quarter Sales Team on 0870 759 0325 or email admiraltyquarter@crestnicholson.com or visit www.admiralty-quarter.co.uk

-Ends-

For further information about Crest Nicholson contact: Karen Richards at Grayling on (0) 20 7025 7531 or email: karen.richards@grayling.com

About Crest Nicholson Crest Nicholson is firmly established as a leading regeneration developer with a passion for not just building homes, but creating vibrant sustainable communities. The Company's track record shows demonstrable commitment to delivering innovative, design led, residential developments and large scale, mixed use, urban regeneration solutions. Its ongoing emphasis on environmentally responsible housing and commitment to deliver truly low carbon sustainable schemes is evident by an ever increasing development portfolio. Visit www.crestnicholson.com.