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Gateway Property Management is delighted to add a further 800 homes to its ever-expanding portfolio. What a great start to 2023 for our nationwide teams.

Repeat business includes the management of the next phase of two residential developments, both on the coast.

The first scheme is in the bustling seaside town of Lytham St Annes, Lancashire. The stylish new homes have picturesque views across the Ribble Estuary and the Irish Sea, with Blackpool just a few miles south for an array of attractions, such as the Blackpool Tower and Pleasure Beach. Not forgetting the annual, 6.2-mile-long Blackpool Illuminations!

We’ll also be taking good care of a further phase of modern homes in Axminster, Devon. This quaint market town, built on a hill overlooking the River Axe, is full of traditional charm and character, with the stunning East Devon Area of Natural Beauty all around for 100 square miles of glorious countryside.

Looking for a managing agent you can depend on?

We treat every property individually. Whether your portfolio is large or small, we’ll happily take care of it – locally and personally – from our offices in Essex, Leeds and London. To discuss how we can best support you, call us today on 01702 443 555 or click here.

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Are you a property developer or investor? An individual landlord? Or a buy-to-let investor or management company? Connect with a thoroughly individual group of property specialist companies. You’ll soon discover our straightforward approach, and the benefits we can bring to you.

Merry Christmas and a Happy New Year to all our clients and customers.

2022 has been another busy year across the Gateway Group at our HQ, London and Leeds offices. We wish you happiness and cheer over the festive season, and good health for the New Year. We’ll return in 2023 to share the latest on Property Matters.

Our offices are open as usual to support you. Do get in touch should you need to.

One in 10 homes on the market has reduced its price by 5%, reports Zoopla, the property website, following two and half years of boom and record-high increases.

As the market cools, the trend has been for sellers to accept discounted prices to complete a house sale. Rightmove, another property website, announced the largest pre-Christmas dip over the last four years, citing an average 2.1% drop. That puts the average asking price for a UK home at just over £359,000 in early December, some £7,850 less than in November. This is a percentage fall similar to that quoted by building society Halifax in November of 2.3%. Others report up to a 3% drop.

Taken in context, however, the average asking prices at the end 2022 are still over 5.5% higher than this time last year. Rightmove also reports an 11% increase in the number of homes for sale on its website compared with last December, predicting a more even balance between supply and demand next year.

The Fire Safety Act 2021 and Fire Safety (England) Regulations 2022 has been introduced as an important step towards implementing the recommendations of the Grenfell Tower Inquiry Phase 1 report. The Regulations are being introduced under Article 24 of the Fire Safety Order.

The Act clarifies that responsible persons for multi-occupied residential buildings must manage and reduce the risk of fire for the structure and external walls of the building, including cladding, balconies and windows, and entrance doors to individual flats that open into common parts.  

These new regulations introduce additional requirements on responsible persons, aimed at identifying and communicating fire risk information to those who need to know about the risk. This includes providing fire risk information regarding evacuation procedures to residents in a format they will understand. 

Here’s everything you need to know about The Fire Safety Act 2021 and Fire Safety (England) Regulations 2022.