Many sectors have suffered dramatically during the past 12 months, but one that continues to bounce back stronger than before is the housing market. Recent figures by Rightmove’s monthly House Price Index show that, even during a pandemic, new records have been set within the industry, with the average price of property jumping up by 1.8% (£5,767). With the market continuing to experience extremely high buyer demand and an appetite for larger homes, one thing is true — confidence in the market continues to be at an all-time high.
It is no surprise, really. With people having spent more time in their homes in the last year than ever before, we’re experiencing a growing trend of people looking for more space and better surroundings, leading to frequent moving becoming the norm. This need for ‘better’ has seen a boom across the industry, so much so that the prices of homes in the north of the country have seen double-digit increases, with prices up by 11.1% in North West and 10.5% in Yorkshire. This section of the country has had the greatest potential for growth for many years now, and the change in buyer’s needs (more working from home, less commuting), means a spotlight has been shone on this part of the market.
Many will look at the extension of the stamp duty holiday, paired with the continued low costs of borrowing as the real savior for keeping confidence in the housing market. In some ways, they may be right, but it is clear that confidence has been there long before this. With Nationwide reporting that three-quarters of the homeowners they surveyed at the end of last month saying they would have moved even if the stamp duty hadn’t been extended, we have to appreciate that the market is already in an extremely buoyant place.
On that same thread, 25% of homeowners surveyed by Nationwide said that they were either in the process of moving or considering a move as a result of the pandemic, the expectation is that the industry will continue to accelerate in the coming months. If the month-on-month house prices remain flat, it is thought we might even see its annual rate of growth reach double digits — a continued welcome boost to our economy.”
‘Buyer demand remains high across the housing market’ first appeared on my Medium profile.
Israel Moskovitz was recognised at the inaugural Bonei Olam gala dinner for his continued support of Bonei Olam, where he was named Patron of Bonei Olam.
The event took place at the exclusive De Vere Grand Connaught
Rooms in London’s West End. It honoured those who have supported Bonei Olam, recognising
the generous donations that have been made to the organisation.
Bonei Olam was set up in North West London to help provide support
for couples struggling with infertility. Generous contributions help to cover
the often-prohibitive costs of fertility treatments and medical procedures that
many couples face. The organisation has helped bring over 5,000 children into
The gala dinner was chaired by Rabbi Moshe Levy, Executive
Director of Chazak, who praised the enormous support that the community has
offered Bonei Olam. The night also featured several performances, including
from maestro pianist Yaron Gershovsky.
Israel Moskovitz said: “I am honoured to have been made a Patron of Bonei Olam. It is a remarkable organisation and I am so pleased to be involved with the great work that they are doing.”
The gala dinner was reported in the Jewish Tribune. For more information on charity projects supported by Israel Moskovitz please click here.
Y&Y Management, the leading property manager is announcing a partnership with LaundryRepublic to offer laundry collection services from within their properties.
With the advent of the Internet of things and Uber-style on demand service apps, modern tenants are looking for properties that are enabled with multiple add-on services. LaundryRepublic offers a secure 24-hour locker-based laundry and dry-cleaning service, negating the need for a customer to be home for pickup and delivery. The average suit wearing UK household regularly spends £640 per year on dry cleaning* and with LaundryRepublic, the tenants of Y&Y Management properties will have the convenience of this service delivering directly to their home.
Gurvits, CEO of Y&Y Management said, “Convenience and quality of service
are essential to our residents. They have chosen our blocks because of the
quality of the properties and the additional services available. Modern
technology is rapidly offering solutions to ease the time pressures of modern
life and this partnership with LaundryRepublic is a perfect example of this
innovation. To successfully manage high end properties, we focus not just on
the quality of the building but also additional services for tenants.”
Ian Walker, Co-Founder at LaundryRepublic said; “The purpose of our business is to deliver a convenient dry-cleaning service to our customers, the pivotal factor is the ability for users to use a reliable and good quality dry cleaning and laundry service from the convenience of their own buildings. Partnerships like these enable us to deliver our service to more customers with greater accessibility, we’re sure our customers will be very happy. Our eco-friendly garment cleaning technology, charity partnership with Scope, sustainable packaging and recycling schemes offer a valuable joint CSR effort.”
LONDON, March 12, 2019 /PRNewswire/ — Y&Y Management, the property asset manager is announcing the installation of hyperfast fibre optic broadband in 32 of its residential blocks. The partnership is with Hyperoptic, the UK’s largest residential gigabit broadband provider. Hyperoptic provides full fibre broadband, which means it can offer the fastest Internet speeds in the UK with services up to 1Gbps (1,000 megabits per second), which is over 21x faster than the UK average.
Less than 5% of properties in the UK have access full fibre broadband according to ONS data, and Hyperoptic’s purpose build full fibre network allows residents to access unprecedented broadband speeds. With the completion of the fibre installation, residents can now download an ultra HD video in approximately 5 minutes, compared to the average of 2 hours. IoT devices and next-generation apps can be seamlessly connected, enabling a true smart home.
Joseph Gurvits, CEO of Y&Y Management said; “Our residents have chosen our blocks because of the quality of the properties. Flexible working, online streaming and connected homes are increasing residents’ demands for fast internet and this partnership enables us to provide this to our tenants. Managing high end properties is not just focusing on the quality of the building but also additional conveniences for tenants.”
Floyd Widener, MD Sales & Commercial at Hyperoptic said; “Hyperoptic was founded with one mission – to lead a step-change in broadband and Gigabit Britain. Partnerships are key to enable this, and we are very pleased to be working with Y&Y Management to deliver the UK’s fastest broadband across its portfolio. We are confident that residents will be delighted once they move to our service. Our 5* rating Trustpilot is testament to this as it is significantly higher than any other UK broadband provider.”
Hyperoptic already powers nearly half a million homes and businesses in 39 cities with its 1Gbps service. It is investing heavily in its full fibre network and is on track to pass two million homes by 2021 and five million homes by 2024.