Happy Christmas!
A very happy Christmas and a big thank you to all our landlords, tenants, partners and those who are considering joining us in 2024! It has been a busy year for us at Norfolk Property Management and Lettings – and a year with many ups and downs for all those involved in property rentals. Times are not […]
Choose Norfolk at Christmastime!
It’s the festive season and where would you most like to be living right now? Well, Norfolk locations seem to regularly top the British charts when it comes to favourite places to live and shop at this time of year. This year, London’s Metro publication listed Norwich as one of its top shopping destinations for […]
UK Build-to-Rent sector continues to grow
The Build-to-Rent (BTR) sector has continued to expand over the past 12 months despite the challenging economic conditions. According to new research by the British Property Federation (BPF) the total number of BTR homes completed or in the pipeline across the UK rose to 263,694 at the end of the third quarter (Q3) of 2023. […]
Double-glazing and smart technology features are tempting renters
Features such as double glazing, smart technology, and being near a station are the top three features that attract the most demand from those seeking rental homes. A new study of over 600,000 available properties on Rightmove reveals the home features that are driving the most enquiries from home-movers to agents, with these features appealing […]
Tentative signs of improvement in affordability of property this summer
The average asking price of newly marketed properties dropped in August by 1.9 per cent to £364,895. This is the biggest drop in asking prices at this time of year since 2018, outpacing the average drop of 0.9 per cent in August’s traditional summer slowdown. The much larger than usual price drop this month indicates […]
Completed Build-to-Rent Homes up 13 per cent
The number of completed build-to-rent homes in the UK has increased by 13 per cent in the past year to 88,100 units, despite market conditions slowing development activity. New analysis by the British Property Federation (BPF) shows the total number of build-to-rent homes completed, under construction or in the planning pipeline stands at 253,402. The […]
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 […]
East of England tops commercial property sales and rentals
The east of England is currently home to the strongest commercial real estate market, according to recent research. Sirius Property Finance says that according to its analysis, the region tops all others in Britain when it comes to both commercial property purchases and rentals. The company looked at current demand for commercial sales and rentals, […]
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 […]