Key to a dynamic property market
22nd March 2022
House prices rose almost 10% in 2021, the fastest for any year since 2004, with the average UK property price hitting a new high of more than £276,000. The stamp duty holiday during the pandemic and a race for space for home-working produced a dynamic market.
This year, growth is expected to slow as energy prices and the cost of living head skywards. Navigating the home property market requires local knowledge, experience and skill which, says Simon Wakefield at Martin & Co, is what their company is known for.
Based in Epsilon House at Masterlord Office Village, this branch of Martin & Co covers Ipswich and Colchester. Owned by Gary Everett, it’s part of one of the largest independent networks of estate agents in the UK.
“We’re busier than ever finding new properties, advising investors on buy to let homes and managing those properties,” says Simon Wakefield. “The rental market has seen solid growth, but navigating energy efficiency improvements, electrical installation reports, gas safety certificates and other regulations required by government is putting pressure on landlords.”
With almost 160 pieces of legislation governing rental properties, ensuring that a home is managed and maintained effectively and profitably is Martin & Co’s role, taking that pressure off the owner.
“One challenge is to persuade more landlords to let properties, as demand is so high and property is a very sound investment,” adds Simon Wakefield. “Our biggest growth is buying and selling homes, as Suffolk is a property hot-spot.”
Knowledge of the market in Suffolk and Essex is an important element in offering expert advice, ensuring that potential buyers and sellers know what’s available and achieve the best price.
Being in a serviced office at Epsilon House places Martin & Co at the heart of a business community with all the support services, and direct access to the A12 and A14 for viewing properties across Suffolk and Essex.
For more information call 01473 289794 or email email@example.com