Norwich Rents rise by 5.9% to New All-time High + 5 Reasons the Supply of Private Rentals is Falling

Norwich Rents rise by 5.9% to New All-time High + 5 Reasons the Supply of Private Rentals is Falling

Norwich needs 771 additional private rented properties per year to keep up with current and future demand from Norwich tenants. But, over the last 5 years, Norwich has lost 1,034 private rented homes. In this article, we explore 5 reasons the supply of private rental properties in Norwich is falling. What are the implications for tenants and landlords in Norwich?

How Will Rising Inflation Affect the Norwich Property Market in 2022?

How Will Rising Inflation Affect the Norwich Property Market in 2022?

The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primarily come about because of an increase in demand for goods and services following lockdown last year, together with global supply chain issues. In this article, I will look at all the factors and what it means for the Norwich property market.

1 in 45 Homes is Sitting Empty in the Norwich Area

1 in 45 Homes is Sitting Empty in the Norwich Area

1,517 homes in the Norwich area are empty, which represents 1 in 45 homes. Homes that are left empty for an extended period can affect our locality and occasionally invite anti-social behaviour. With a shortage of housing in the Norwich area, these empty homes must be brought back into use to generate much-needed housing for local people.

Norwich Household Heating Bills Set to Rise to £133,012,088 in 2022

Norwich Household Heating Bills Set to Rise to £133,012,088 in 2022

The energy bills of every Norwich resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity. So, what can Norwich residents do to reduce their energy consumption and ultimately save money?

The Future of the Buy-To-Let Market in 2022

The Future of the Buy-To-Let Market in 2022

In this article, I will look at what happened in 2021 in the Norwich buy-to-let property market and give you my opinion as to what lies ahead for Norwich landlords in 2022 and beyond. On a positive note, house prices in Norwich have rocketed, rents have risen faster than inflation, at the start of the year we had the benefit of a stamp duty holiday and finally, ultra-low mortgage rates, meaning Norwich landlords had lots to be happy about in 2021.