Rising energy costs challenge serviced apartment operators
Concerns around energy costs are considered to be one of the biggest challengs for those running serviced apartments businesses, according to a recent survey. The survey by Savills and the Association of Serviced Apartment Providers (ASAP) finds that over three quarters (77 per cent) of operators listed rising energy costs as the biggest challenge for […]
Demand for purpose-built student accommodation returns
The purpose-built student accommodation (PBSA) sector has bounced back from a pandemic induced decline, according to recent reserach. Property developer Stripe Property Group estimates the market size to be almost £4bn and suggests this will climb to £4.5bn by 2025. The PBSA specialist analysed the latest figures on the size of the sector, which supplies stock […]
Reasons why landlords should use a local letting agent
Many landlords choose to manage their own properties but others opt to work through a letting agent. At Norfolk Property Management and Lettings, we have developed strong relationships with our landlords over the decades and these are the reasons they give us for working with us: Flexibility We create bespoke packages for our landlords, taking […]
A New How to Rent Guide
The government is today issuing a new version of the online How to Rent Guide. Landlords and agents are obliged to provide the latest version of this guide to tenants at the start of any new tenancy or at the point of any tenancy renewal (for a statutory periodic tenancy). The new guide has been […]
Economic uncertainty is taking toll on UK mortgage holders
More than half of UK mortgage holders are struggling with their mental health as the cost of living crisis hits home, according to recent research. According to a new survey of 2,000 UK homeowners who pay a mortgage, the ongoing cost of living crisis is affecting the mental health of 56 per cent of mortgage holders. The […]
A more stable property market picture emerging
There are indicators demonstrating a more stable picture for the housing market emerging through the course of 2023, according to the February RICS UK Residential Survey. The headline reading for new buyer enquiries rebounded to a net balance of minus 29 per cent (measured on a seasonally adjusted basis), improving from minus 45 per cent […]
Generation Boomerang – living in harmony with your adult children
With soaring costs of living and property prices, it is well documented that more and more grown-up children are having to move back home. But how are both parents and their adult off-spring coping with the changes that brings? According to new research from Capital One UK, approximately one in five (17 per cent) of […]
More middle-aged people are now renting their homes
The number of middle-aged households privately renting has nearly doubled in the space of a decade, with many set to remain in rented homes for the long-term. Paragon Bank’s analysis of government data shows the number of households in England where the lead reference person is aged between 45 and 64 has increased from 691,000 […]
One in 40 homes in Britain is now valued at £1 million or more
There are now 730,390 homes valued at £1 million or more across Great Britain, according to recent research. This is the equivalent to one in every 40 homes, or 2.5 per cent of all housing stock. Over the past three years, the number of £1 million-plus homes has increased by some 40 per cent, according […]
The east of England sees high numbers of successful planning applications
The east of England is one of the areas of the UK currently seeing some of the highest levels of successful planning applications each month. Research has shown that across the UK, almost 24,500 planning applications are received on average each month at the moment, with just over 20,500 (84 per cent) of those successful. […]
