Enquiries to letting agents still nearly double pre-pandemic levels
A new rental market study shows the average number of enquiries sent to agents about each available property they have to rent, is still nearly double the level it was in pre-pandemic 2019. According to property portal Rightmove, each available rental home receives an average of 11 enquiries, nearly double the six at this time […]
Merry Christmas and a Happy New Year!
As 2024 draws to a close everyone here at Norfolk Property Management and Lettings would like to wish you a very merry Christmas and a happy new year! We have all enjoyed working closely with our many landlords and tenants here in Norwich and across the county for the past 12 months and look forward […]
Landlords and tenants, give your opinion on Norwich’s parks
Do you think the parks and green open spaces close to your rental property could be improved? Perhaps you are very happy with them and this is a key reason why you chose to live in your area? Norwich City Council has launched a public survey to help shape the city’s inaugural 10-year strategy to […]
Many homes for sale in East Anglia have no chain
Over one-third of the homes currently on the market in the east of England are now believed to be chain-free. Property portal Zoopla has reported that across the UK some 32 per cent of its homes now have no chain as second homeowners look to sell amid expected changes to the way second homes are […]
More build-to-rent are required
The total number of purpose-built rental homes has reached more than 120,000, a 23 per cent increase over the past 12 months, according to the British Property Federation (BPF). At the same time, however, analysis, from estate agency Savills, shows construction has contracted sharply, with the number of homes being built down 20 per cent […]
Norwich is in the top most in-demand locations for renters
Norwich is one of the most popular places to seek a rental home, according to recent research by property portal Rightmove. The fine city comes in at number 17, while Wrexham, in Wales, tops the list. Rightmove’s Demand Tracker reveals the ranking of the most popular locations in which to rent based on millions of […]
More properties are needed to meet high demand for rental homes
Policy makers are being urged to focus on growing the stock of homes and those with empty properties are being urged to put them up for rent as demand from tenants remains at a high. According to property portal Zoopla, there are now 21 people competing for every rental property. The number of homes for […]
Reforms in the rental industry need to be balanced
Ahead of the publication of the Renters’ Rights Bill, the National Residential Landlords Association (NRLA) has issued a statement that responds to the bill’s key proposals. The organisation calls for reforms to be as balanced as possible to ensure that the needs of both landlords and tenants are addressed appropriately. Ben Beadle, the chief executive […]
More buy-to-let lenders have cut their rates
Many of the biggest lenders in buy-to-let mortgages have repriced their mortgages in the buy-to-let sector. NatWest, HSBC and Barclays are among the biggest names to have adjusted their mortgages in both the buy-to-let and residential sectors. Accord Mortgages has reduced its rates again on its buy-to-let product – this time by up to 0.20 […]
The Lettings Advisory Board outlines recommendations for the private rented sector
The Letting Advisory Board, which was set up by property portal Zoopla, has written to the government outlining recommendations to help to raise standards in the private rented sector (PRS). These build on proposals set out in the new Renters Rights Bill outlined in the King’s Speech. The group is made up of leading industry […]
