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Published on 19th May 2021

Latest outlook: Property prices soar as the UK rebounds

Research sees a brightening outlook for the UK, as residential sales reach new highs.

Knight Frank highlights the surprisingly positive economic rebound to date, with a predicted output growth of nearly 7% this year. The increase is due, in part, to consumers spending some of the record savings built up during lockdown. Alongside stronger retail spending, the easing of the lockdown, reopening of schools and businesses and confidence in the vaccine rollout have all helped the economy to gather speed.

The trend for higher property prices is set to continue as a result of lower mortgage costs, the greater availability of deposits and also the return of low-deposit mortgages since early 2021. According to the BBC, the number of mortgage products available that require a 10% deposit has increased four-fold compared with early autumn last year.

Two key factors support the latest research.

1. Continued low interest rates

Looking at the Bank of England’s current guidance, economists see little movement in the UK’s monetary policy until the Bank’s inflation target, set at 2% by the government, is met. Currently, inflation is around 0.7%, meaning that the base rate is unlikely to change much before 2024/25, with interest rates remaining historically low.

2. Resilience of the job market

Unemployment rates are likely to be less than first predicted, following record levels of redundancies last year hitting young workers (under-25s) particularly hard. The Office for National Statistics reports more stable conditions, with the unemployment rate falling to 4.9% in the three months to February 2021. Job vacancies increased by 16% in March. Knight Frank sees a peak in the rate of 6% in early 2022, factoring in the government’s furlough scheme (due to close at the end of September 2021).The Office of Budget Responsibility forecasts 6.5%, with a fall next year as the economy recovers further.

Although there is still uncertainty, right now is clearly an ideal time to sell a property.

Make big savings selling your home

Quality Street – our combined estate agent and solicitors service – continues to go from strength to strength, saving our customers time and money. Yet another recent sale, this time of a three-bedroom home in Essex, saved our client an incredible £9,100 in estate agent and solicitor fees!

For a cost-effective, all-inclusive fee, you’ll receive a quality service from start to completion. We do all the things you’d expect and more. This covers marketing and advertising your property in all the popular places where buyers look, including on Rightmove, PrimeLocation, Zoopla and OnTheMarket. Your joined-up team will carry out the conveyancing and keep you updated throughout on progress. Be ‘absolutely chuffed’ with an amazing service and savings like Lloyd, another happy Quality Street client.

Streamline the way you sell your home and save.

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Published on 19th May 2021

Removing the complexity: Let your property with Gateway Residential

As the summer approaches, it’s set to be busy period for residential property lettings. From giving a little advice to full management, why not benefit from our friendly, efficient, hands-on service?

At Gateway Residential, we’ll treat your property as an individual investment, bringing an experienced, proactive approach to your letting that’s tailored around your needs. Whether you’re an individual landlord or an investor with a portfolio, we’ll make sure we know your property inside out and understand all your requirements. From then on, you can count on our full support around the clock, regular communication and a team that delivers on its promises.

Marketed extensively

As estate agents too, we understand how to market your property to attract the highest rates and restrict vacant periods to an absolute minimum. Your property will feature on all the popular, online sites.

Rented securely

We focus on timely rent collections and account reporting using the latest technology. We’ll chase up any issues automatically, with all net rental payments made to clients promptly on a monthly basis.

Maintained carefully

We appreciate that keeping tenants happy is also great for our clients. We’re quick to deal with any issues, maintaining properties in ideal shape with no compromises. If a roof leaks, a boiler breaks down or a fuse blows, we’ll resolve the matter in an efficient and cost-effective way.

Just call our dedicated team on 01702 443 546 or click the link below for more on Gateway Residential.

See how Gateway Residential can help you.

Visit Gateway Residential
Exterior view of semi-detached house
Published on 19th May 2021

Yoo-Hoo! Now managing new properties in Kent

Gateway Property Management has just started managing a stunning new-build development of 50 houses in Hoo, part of the Medway district of Kent.

Over a hundred miles away, we’ve also added more than 60 flagship properties to our portfolio in Southampton. The team is excited, and delighted, to be of immediate help.

Clients and customers benefit from our friendly, professional support, including fully integrated facilities management from our own, in-house team. Our professional cleaning, gardening and maintenance operatives work tirelessly to ensure the properties we manage are always looking their best. Communal areas are in safe hands.

You can find out more about our property management services and the lengths we go to – as well as view our ever-growing national portfolio – on our group’s Instagram page.

Take a look today!

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Uniquely Gateway Group
Published on 19th May 2021

Gateway to the power of 11: Be part of our group’s network

At our LinkedIn page, you’ll find out more about the Gateway Group of 11 companies.

Our specialist companies lead the way in property and facilities management, estate agency, lettings, conveyancing, financial services, insurance, energy, surveying and leasehold advice. Our clear vision and shared values make us the service provider of choice in the UK markets we serve.

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