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?
So, you’ve decided to sell your property and move house! It’s now time to gather together all the important paperwork relating to your property. If you’re organised you can reach for those handy files, now. But if not, here’s a rundown of the documents you need to have at the ready: 1) Proof of […]
In this month’s compliance and legislation round-up for landlords, we have new research on rising energy costs and the impact on the private rented sector, an update on Right to Rent Adjusted Checks, the importance of property inventories, the boiler ban, and more!
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.
1,517 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.
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 Government announced in their ‘Levelling Up’ White Paper that they plan to introduce a new minimum standard for private rental properties. Are these proposed changes another nail in the buy-to-let coffin for Norwich landlords?
In this month’s news and legislation round-up for landlords, we have tips for landlords of student lets, some predictions for the coming year, and important news about the tax regulations governing holiday lets and second homes.
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.
Many Norwich homeowners are deliberating about whether to put their home on the market in January or wait until later in the summer. Nobody has a crystal ball showing what 2022 holds, however most property experts are not forecasting doom and gloom so, what might the Norwich property market look like in 2022?