Categories: Corporate

Housing Market Vibrant, Franchise System Strong for the UK’s Belvoir Group

The Belvoir Group is the UK’s largest High Street property management franchise, with over 300 offices across the Belvoir, Northwood, Newton Fallowell and Lovelle brands.

The Belvoir Group’s central office is based in Grantham, Lincolnshire, and the company is on-target to record 24 years of unbroken turnover and profit growth, having come out of lockdown in a stronger position than ever.

The property market remains attractive for many buy-to-let landlords and investors, and the resilience of Belvoir’s franchise business model provides opportunities for growth for both parties via existing and new income streams. The continued rollout of financial services across the Belvoir Group is proving to be extremely popular, with franchisees able to grow a business-within-a-business by offering mortgages and associated practices to their clients.

While many independent agencies have not survived the financial ravages of the pandemic, many of Belvoir’s franchisees have been able to grow their businesses by acquiring competing independent businesses looking to exit the market. Some franchisees within the group are now turning over in excess of £1m per annum. Acquisition remains a key growth strategy for the Belvoir Group and in October, the company announced the successful acquisition of its 100th independent agent.

Following the recent publication of Belvoir’s Q3 rental index — and despite relatively flat rental values for the past three years — Belvoir is predicting that rents will increase in 2021. There is continued tenant demand combined with a shortage of properties. Average length of tenancies remains high, with 41 percent of tenants choosing to remain in their home for 19-24 months — and almost a quarter renting for over two years.

“Anyone who is considering entering into property investment would be well advised to contact their local Belvoir office to discuss potential property hotspots in their area,” advises Belvoir CEO, Dorian Gonsalves. “Research from our post-lockdown Q3 rental index reveals significant regional diversity, but investors can benefit from the free property advice of a local expert who will be able to advise on all aspects of their potential investment. This includes best location for investment, anticipated rental yields, tax advice and how to exit the market to the best financial advantage when the time comes.”

Belvoir’s Q3 rental index confirms that houses continue to outperform apartments. Many people came out of lockdown determined to find some outdoor space, often favouring more rural areas with a less dense population.

“We have made the Belvoir rental index freely available on our website. It is an incredibly valuable resource for landlords and investors who can see at a glance what is happening in England, Scotland, Wales and Northern Ireland. Importantly, they can also zone-in on how the rental market is performing in any particular region.”

For more information, visit: belvoir.co.uk/pages/rental-index

marten

Recent Posts

CORDET Capital: Unlocking the Potential of Northern Europe’s Lower Mid-Market

With a sharp focus on delivering compelling risk-adjusted returns, CORDET Capital has positioned itself as…

7 hours ago

Uzbekistan Investment Forum: Economic Momentum Meets Strategic Maturity

Attend enough investment forums and they begin to blend into one another. The Fourth Tashkent…

1 day ago

Tashkent’s Turning Point: Why the Time is Now for Global Investors in Uzbekistan

As Uzbekistan accelerates its transformation from a closed economy to a liberalised investment destination, the…

3 days ago

BIAT: Strengthening Market Leadership Through Innovation, Digitalisation, and Responsible Governance

BIAT continues to assert its dominance in the Tunisian financial market, reinforcing its resilience with…

1 week ago

From Oil Barrels to Algorithms: Why the Gulf’s Digital Future Needs Chief AI Officers

With oil prices projected to plateau or decline in the coming years, Gulf states are…

2 weeks ago

Corporación Zona Franca Santiago: Forging the Next 50 Years of Sustainable Innovation and Growth

As Corporación Zona Franca Santiago (CZFS) marks its 50th anniversary, the organisation stands at the…

2 weeks ago