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Published on 20th April 2022
UK property spotlight: House prices continue to soar
A lack of homes on the market is behind increasing UK house prices, rising at their fastest rate for 15 years according to Halifax. 2022 sees the biggest one-year cash rise recorded in almost 40 years of the lender’s index history.
House prices continue to defy the economic climate and growing pressure on household finances caused by surging inflation and a steady rise in energy bills and borrowing costs.
Since the first lockdown some two years ago, the value of an average UK home has increased by over £43,500 to around £280,000, representing an 18% rise. Detached homes have seen the greatest rise of 21% in what is dubbed by the industry as ‘the race for space’. Over the year alone to March 2022, Halifax reports an increase of 10.8%, with Nationwide citing 14%. Although this is the eighth consecutive month for growth, several forecasters regard this as the peak for property values, with a significant easing expected over the new few years.
Properties in small towns, villages and the countryside, as well as by the sea, remain popular. Rightmove believes there are twice as many buyers as sellers at present.
A better way to sell your home: The Quality Street Group brings everything together
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Gateway at ExCeL, London: Reporting back from the Property Investor Show
On the 1st and 2nd April, Gateway was delighted to join exhibitors and the public at the UK’s leading event for property investors, the ideal place for networking and market information.
Running twice a year, the Property Investor Show is for anyone looking to profit from the property business, from new market entrants to seasoned professionals with portfolios. The UK’s largest and longest running exhibition of UK and international property provides access to hundreds of exhibitors – including the Gateway Group – and opens the door to free property seminars and expert panel sessions.
Over the Friday and Saturday, our team met up with home buyers, landlords, developers and investors. The show was the ideal opportunity to showcase all that we do at Gateway – from property and facilities management and residential lettings through to insurance brokerage, property surveying and lease advice. Plus, our Estate Agent, Solicitor and Mortgage Advice services from The Quality Street Group.
It’s free to attend the show, with the next event running from 7–8 October 2022. Why not join us then at London’s leading conference centre?
Under careful management: New to our nationwide portfolio
Gateway Property Management’s portfolio continues to grow, adding large new developments to limited collections of luxury family homes.
Our recent appointments as managing agents include over 125 homes in a quaint, historical Oxfordshire village surrounded by outstanding views of the Cotswolds, 100 modern houses near Bognor Regis and its Blue-flag beaches, and 30 contemporary apartments in Islington, London.
Adding further to our portfolio over the last month, we’re also now delighted to be managing thousands of new homes across East Sussex, Devon, Gloucestershire, Hertfordshire, Leeds, Norfolk, Nottinghamshire, Surrey and Yorkshire
Are you a property developer in need of a reliable managing agent?
Contact Gateway Property Management today to see how we can assist your next development with dedicated, tailored support. Call our Head Office team on 01702 443 555.
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