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 […]
Help prevent flooding this autumn
Norfolk landlords and homeowners are being urged to help prevent floods this autumn. With bird nesting season over, those who live or own properties in the county are being asked to take small, simple steps to ensure water can drain away from homes. The Norfolk Strategic Flooding Alliance (NSFA) says tasks as simple as keeping drains, ditches and watercourses clear and able to flow […]
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 […]
More significant incentives are needed to help landlords make green improvements
Both landlords and homeowners need better incentives to help them with the cost of making green improvements, according to a recent report. Property portal Rightmove’s annual Greener Homes report reveals 60 per cent of its homes for sale and 50 per cent of those to rent have an EPC rating of D or below. New […]
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 […]
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 […]
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 […]
