Penna’s Post

🏙📈Over the past 10 years, New Jersey has seen steady population growth, with an average annual rate of 0.7%. This increase underscores not only the state's residential appeal but also the robust opportunities in the local real estate market. With exceptional quality of life, developed infrastructure, and proximity to major urban centers like New York and Philadelphia, New Jersey is a popular destination for new residents seeking safety and good infrastructure. These factors ensure a dynamic and promising real estate market driven by continued population growth and demand for quality homes. Additionally, the state's economic diversity, including sectors like technology, financial services, healthcare, and education, further strengthens the real estate market. The presence of renowned academic institutions and research centers attracts skilled professionals and investors, adding additional value to the local real estate landscape. Investing in real estate in New Jersey not only offers long-term financial stability but also promotes potential growth. If you're looking to explore opportunities in New Jersey's real estate market, contact us today and start your journey towards financial success. #fl #florida #miami #miamifl #nj #newjersey #ny #unioncity #weehawken #newyork #nyc #manhattan #realestate #realestatelife #realestateagent #properties #house #homeevaluation #homesale #homesforsale #investment #dreamhome #homesweethome #homesearchmadeeasy #propertymanagement #idc #newhouse #realiablerealtor

We've just crunched the proposed housing numbers by local authority to see how that looks, following the publication of how the proposed new Housing Delivery Test will work. Unless I am mistaken, it looks like the Royal Borough of Kensington and Chelsea - Borough motto being "How good it is to live in unity" - is going to be asked for an almost 15-fold increase in what has been delivered in recent years. I would describe that as 'challenging'. The current method looked for 1,381 new units per annum. The proposed revised method looks for 4,271 per annum. The average number of units delivered in RBKC in 2021/22 and 2022/23 was 267 per annum. The Council needs a 1,497.7% increase in what it has delivered on average! Other London boroughs that need a big step change in delivery (% increase under new algorithm compared to average actual net additions to housing stock over two years): Bromley - 781.6% Camden - 436.9% Enfield - 216.0% Harrow - 227.9% Islington - 288.2% Kingston - 301.0% Lambeth - 302.8% Lewisham - 576.0% Redbridge - 489.1% Richmond - 283.6% Sutton - 245.9% Only Brent, City of London, Newham and Tower Hamlets are meeting the new algorithm target based on net additions in 21/22 and 22/23. #planning #planningreform #kensingtonandchelsea #housing #newhomes #development #affordablehomes #townplanning

The Government has set an ambitious target to build 1.5 million new homes. This will take a monumental effort to achieve and will require all sectors of the housing industry working together in all sorts of ways, to get anywhere near those numbers. Is the target achievable? Who knows but……… Hot on the heels of our announcement last week of Edenstone Group entering into contract for a major mixed tenure JV project with a Registered Provider in Exeter, this week we are delighted to celebrate entering into contract with Stonewater to complete 120 homes in Hereford for affordable housing. This has been a complex project to bring to contract and congratulations and thanks go to the whole Edenstone team especially Christopher Edge Steve Barley and Helen Thomas Also thanks to Matthew Crucefix and the team at Stonewater, and their solicitor Lore Millward of Clarke Willmot who were all so helpful in making things happen. Thanks also to Employers Agent Matthew Hunt. Hopefully the first of more to come between the two organisations. Edenstone Group continues to roll out our new 5 year business plan. The plan will see the business grow across all 3 of our operating areas, being South Midlands, Wales & West and the South West. We will be operating on a mixed tenure business model which will see us providing homes for market sale, and in partnership with Housing Associations and PRS providers. This expansion will see us requiring new team members and sub-contractors alike across those areas. Interested parties should drop us a line as below: Career opportunities - [email protected] Sub-contract opportunities - [email protected] #affordablehousing #housebuilding #southmidlands #newhomes #mixedtenure #housing

North Carolina has experienced a notable shift in its rental market, primarily driven by an increase in housing inventory. This surge in available units has led to significant rent drops across several key cities. Winston-Salem has led this decline, with one-bedroom apartments showing a staggering 12.6% drop in rent growth. Following closely are Raleigh and Greensboro, which have seen declines ranging from 5% to 11%. Raleigh is expected to rebound strongly however, due to sustained population growth. https://lnkd.in/e6ENumhv #NorthCarolina #rentalmarket #housinginventory #Raleigh #Greensboro #rentgrowth #realestate #affordablehousing #marketshift #urbanliving #rentalunits #homeownership #housingtrends #marketanalysis #cityliving #rentaldata #housingmarket #rentingvsbuying

Our Bristol Development is in high demand...  The Chocolate Factory is a brand new development in Bristol which builds on 100 years of history to deliver a collection of stunning luxury homes. Here's why Bristol is a place you should consider investing in: 👉 10.3% - Population growth in the last Census (ONS) 👉 12.9% - Rental growth year-on-year (Living Rent Commission) 👉 8% - House prices are 8% higher than the 2021 peak (Rightmove) 👉 25,000 – Shortfall in number of planned homes (Bristol City Council)  👉 £15bn – Size of Bristol economy (Bristol City Council) 👉 8.9% - Economic growth in the next five years (Avison Young) 👉 5.7% - Jobs growth in the next five years (Oxford Economics) Get in touch today to see how you can access this exclusive off-market deal.

Bristol has been named as the best city to invest in for 2024 by Aldermore bank. They judge it based on five main points, average rent, best short term returns through yield, long term return through price growth, number of vacancies in the total housing stock and the percentage of the population who are renting. An article in The Letting Agent today said that “Growth on returns is also an attractive lure for landlords with an annual increase of 6.6 per cent. However, investing in Bristol isn’t for those looking to make a fast investment with short-term yields sitting at 4.4 per cent.” We already know what a great city Bristol is and as one of the city’s leading independent letting agents, we are well placed to give advice to any investor landlords who are looking to dip their toe into the buy to let market in Bristol for the first time or to established landlords who are looking to expand their existing portfolios. Please contact Peter Allen or Rebecca McKelvey for further advice. #Bristol #investment #buytolet

🏠🙌Looks like all in all we have a steady listing rate with an average of listing price in Hillsborough declined around 7% from last week, while Cheshire, Franklin, Worcester and Middlesex climbed on average 12%. The Avg days on market increased📈 in Hillsborough, Franklin, and Worcester counties by 3, 6 and 8 days. Cheshire county and Middlesex County declined in Days on Market to 10 and 12 days. Sale Price remains relatively unchanged except for Franklin which spiked 20% 📈from last week and Cheshire which decreased 10%. New Homes🏠 this week averaged about the same as last week with the exception of Cheshire county that added 70% homes this week for sale with the listed homes put on this week at 19. (These are brand new hit the market within the last 7 days). #realtorlife🔑🏠 #nhrealestate #nhrealtors #marealestate #marealtor #snowday❄️ #sahmomlife #realestatetrends #realestateeducation #housingmarketupdates #tidbittuesday #sellmyhome #listmyhome #firsttimehomebuying #sellmyhouse #cheshirecounty #hillsboroughcounty #franklincountyma #worcestercountyma #middlesexcountyma #realestateinfluencer

The City of Mississauga is working to create more housing options in neighbourhoods as part of the City's Housing Action Plan. Stakeholder feedback is encouraged for this neighbourhood zoning review, which could include allowing more semi-detached homes to be built in residential areas that currently allow only detached homes, updating lot requirements to allow for smaller-sized detached homes and simplifying single-detached neighbourhood zones in the City's Zoning By-law. Three virtual community meetings have been scheduled: 📍Northern Mississauga (Wards 5, 9, 10, 11) | Thursday, November 7 | 6:00 p.m - 7:30 p.m. 📍Central Mississauga (Wards 3, 4, 6, 7) | Thursday, November 14 | 6:00 p.m - 7:30 p.m. 📍Southern Mississauga (Wards 1, 2, 8) | Thursday, November 21 | 6:00 p.m - 7:30 p.m. Register here: https://lnkd.in/eR6wxHrE Cornerstone Association of REALTORS® | #CityOfMississauga #UrbanPlanning #StakeholderFeedback #ZoningReview

Leeds was the hot topic 🔥 in the Sunday Times this week! The Times data confirmed a growing number of young people are choosing Leeds as an alternative to living in London and the South East.📍 The number of empowered households in Leeds (those with the ability to move and to buy property) indicates a healthy market driven by first-time buyers. The city’s affordability, employment opportunities, cultural landscape and transport links to the rest of the country make the area a desirable place to set up home and start a career. But what does this trend mean for investors looking to capitalise on the city's property market?🤔 The increase in demand is beneficial for property investors as it leads to increased rental yields, capital appreciation, and reduced void periods. ✅ With the population rapidly showing an increase in population, now is the perfect time to invest in the city and take advantage of house prices rising! Want to take a look at our latest Leeds property deals? Comment 🙋 below 👇 . . #propertynewsuk #sundaytimes #leedsbusiness #leeds

Cheltenham town centre vacancy rates lower than national average, says council 🏙️🤔 Cheltenham Borough Council has revealed that 8 per cent of ground floor units in the town centre are vacant, which is a lot lower than the 14% national average for the UK's High Streets. It comes after several new store openings and council officers counted and reviewed all ground floor units within the town centre, as well as popular destination shopping areas, including The Suffolks and Bath Road, as part of the ongoing Vacant Units Action Plan, commissioned by the council and Cheltenham BID last year. The plan aims to understand the current status of buildings within the town centre and proactively work with landlords, agents and stakeholders to tackle the issue of vacancies. Continue reading... https://lnkd.in/dUgYqY9c #vacancy #property #realestate #report #council #national #cheltsnews #cheltshour #businessnews #businessintelligence