Rightmove has identified the top ten fastest-moving property markets, with Newport in South Wales topping the list.
The property website reports almost a third of a reduction in the average length of time it takes to find a buyer in Newport since last year, from 76 to 52 days. According to Rightmove, two key factors are contributing to the popularity of the city’s housing market: the government’s announcement to scrap tolls on the Severn Crossings by the end of 2018 and increasing property interest from more expensive neighbouring areas, including Bristol. Just over the bridge in England, houses prices can be almost double those in Newport.
The city has seen a 7% increase in the average house price, up to just over £175,000.
This summer, Gateway was one of the exhibitors at the UK’s leading residential property investment show for new and seasoned investors in the buy-to-let market.
The National Landlord Investment Show takes place at key property locations throughout the country, attracting over 20,000 visitors each year. Several members of our senior team attended the one-day exhibition at London Olympia, promoting the Gateway Group to potential new clients and networking with industry contacts.
“It was a successful event, where we showcased the group’s full property services,” says Grace Whitehouse, Business Development Manager at Gateway Property Management. “Together, our companies support residential property blocks, new developments and individual lettings, as well as providing insurance brokerage, property surveying, lease advice and facilities management. This is all available under one roof.”
Results from the latest English Housing Survey, reported in The Telegraph, show that over half the number of renters envisage buying a home down the line.
While the majority of private renters are satisfied with their accommodation (84%) and their status as private renters, three out of five expect to buy their own home at some point in the future reports the survey. The survey also highlighted that 64% of households in the private rented sector had little or no savings in 2016–17.
‘The English Housing Survey, Private rented sector 2016–17’ is a national survey, commissioned by the Ministry of Housing, Communities & Local Government. 2017 marks the 50th anniversary since the first survey in 1967.
Hats (and hair) off to Michael Dray at Gateway’s Associated Surveying, who lost his quiff over the summer, raising over £500 for Macmillan Cancer Support.
Michael (Mick to us) shaved off the locks he’s so proud of in memory of friends and family, past and present, with cancer. “One of my friends recently lost her hair battling this terrible disease, so I thought I’d follow suit,” explains Michael. Well done for braving the shave and raising funds for such a good cause. We’re sure that spectacular quiff will be gracing the office again soon.