In spite of the economic fallout of the Covid-19 pandemic, property prices in the UK have remained strong. By December 2020, the Land Registry’s UK House Price Index had recorded a 32% year-on-year increase in property transactions, resulting in a 8.5% year-on-year rise in prices. With the growth in house prices expected to continue well into the year, the housing market is showing no sign of slowing down, with many letting agencies operating at normal levels throughout the lockdowns.
With positive forecasts and optimism aplenty, becoming a franchisee in the property management industry could give you the freedom and knowhow to make property management work for you.
With house prices continuing to grow, and with more and more people making the decision to move closer to more spacious, greener areas, property management is one of the most sought-after industries to gain a foothold in.
With additional incentives to buy coming in the form of stamp duty holidays, government commitments to further increasing housing stock, and the successful rollout of vaccines across the country, the housing market and letting industries can look forward to further growth in the weeks and months to come.
This means those at the heart of the sector are well-placed to maximise their future profitability. And if you’re on the outside longingly looking in, a franchise could be the ideal way to get your foot in the door.
In such a highly competitive sector, having the right support and local knowledge to get off the ground is vital, and with a franchise’s branding and trusted reputation, the difficulties of carving out a section of the market for yourself can be avoided. With private renters forecast to rise to 6 million over the next 5 years, becoming a franchisee allows potential investors to operate quickly as a trusted name with proven accreditations.
Operating as a property management franchise also means benefitting from the experienced training and support on offer. As a franchisee, you’ll be able to call on the support of vast support networks, effective marketing and sales, and more competitive pricing, meaning you’ll never foot expensive bills growing your experience.
What’s more, ambitious operators can grow quickly under a trusted name, with lots of training and support to back you up. If going it alone isn’t for you, maybe operating as a franchise could be the right opportunity for you.
Having operated in the property management industry for over 11 years, No Letting Go has a well-established brand and a tried and tested formula that has seen it become a highly-trusted and award winning franchise. Offering both residential and on-the-job training covering industry legislation, report building, back office systems, sales, and marketing, No Letting Go is looking for ambitious partners, experienced or otherwise, who love providing the great customer service the franchise operates on. Following an initial minimum investment of £17,950, No Letting Go anticipates an expected revenue of £80,000 after 2 years.
Predominantly offering expertise in the London area, S.R.P Inventories invests heavily in building its network, not just recruiting new franchisees. With a low initial investment, S.R.P has built its reputation around nurturing long-term relationships with managing agents, landlords, and housing associations, and benefit from large, exclusive areas serving prime property locations. Based from home to minimise overheads, S.R.P. forecast expected revenue of £65,000 in two years time.
If you’re looking to take the next step and benefit from the training, support, and competitive edge of ambitious and fast-growing franchises at the heart of one of the country’s most profitable sectors, you’ll find them at Point Franchise.