Current Statistics ►

From 1st April, all new rental leases and renewals of tenancies will be required to have an energy performance rating of at least E on an Energy Performance Certificate (EPC). For existing tenancies, the regulations come into force on 1st April 2020.

We wondered how much tenants are prepared to pay for energy efficiency. Properties across England and Wales let in 2017 with an energy performance rating of E achieved 3.1% more per square foot than properties let with an F or G rating. On an 800 square foot property, this equates to an average of £360 per year.

The majority of landlords are well prepared, but we calculate that around 7% of properties let in 2017 still need to be brought up to the standard required. Best prepared are London landlords where just 4.9% of properties let last year were lower than an E rating, while in the South West more than 10% of properties did not meet the standard.

At the top of the scale, properties with an A or B rating achieved, on average, 31% more per square foot than F and G rated properties in 2017. On an 800 square foot property, this equates to an average premium of £3,600 per year.

January 2018

December 2017



We would like to take this opportunity to thank you

for your continued support which has made 2017

such a successful year

and we look forward to working with you

in 2018 and beyond. 




This year we have been supporting Christmas Jumper Day in aid of Save the Children UK. Every one has been getting into the swing of things with some festive cheer at both our offices in Falmouth and Penryn, raising a total of £64.70. Not bad for a small team - Well done everyone!

September 2017

After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included.

Natalie took part in the Cancer Research Race for Life Pretty Muddy on Sunday 3rd September. It was "pretty muddy" due to the Cornish Autumn weather, but a brilliant time was had by all and Natalie raised a fantastic total of £183.00 for Cancer Research!

August 2017


Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.​

Brexit: Where next for the housing market?

Brexit: Where next for the housing market?

News & Legislation The Guild of Professional Estate Agents 3rd August 2016

Brexit is now over four weeks’ past, yet the residential property market is still searching for its mojo.

Since the historic vote, Theresa May was appointed PM ahead of expectations, England appointed a new football manager, and Andy Murray won Wimbledon - so some normality was resumed. However, the share prices for almost all of the leading estate agency groups fell dramatically, and Buy To Let continues to lick its wounds over changes to Stamp Duty and the forthcoming tax changes. So how do we read the runes and predict the next 12 -24 months’ ahead for UK homeowners?

Blow away the media froth, and the market (outside of London) actually looks steady and predictable. Prices are holding up, properties are selling (on average) for at least 99% of the asking price, withdrawals are no higher than pre-referendum, and mortgage rates continue to be the most competitive in history.

The capital is a different story: there were already some concerns in the Spring that prices were ‘overheating’ and a correction was inevitable. Brexit merely acted as a catalyst - with offers, prices achieved and completions all adversely affected at least in the short term. The London market has always fluctuated more than the rest of the UK as overseas and speculative investments help drive activity. However, recent sterling depreciation should help restore some confidence, as should the early political appointments and the conciliatory tone being adopted from Downing Street.

Looking at the macro-economic picture, there are strong reasons to believe that the residential market will remain healthy for the next few years:

Supply and demand
Despite rhetoric over reducing immigration, the UK population is still expected to grow by up to 50,000 per annum. The UK needs at least 200,000 new homes every year to cope with rising demand, amplified by the changes in trends and demographics (people living longer, more single-person households, less downsizing), but currently less than half of this number are being built. Increased uncertainty and a complicated planning system are unlikely to stimulate an acceleration in new build activity anytime soon, so prices should remain steady or more probably rise at up to 5% per annum.

Cost of borrowing

Interest rates are expected to remain below 2% for the next 18 months, and with 10 year fixed deals available at under 3%, there is a ‘once in a lifetime’ opportunity for homeowners to secure exceptional deals, reducing inherent risk. This also makes upsizing more attractive, especially if prices are expected to nudge upwards at faster rates than mortgage interest. Also, the domestic debt burden has reduced significantly since 2008 (the last housing crisis), helped by low interest rates, meaning households are better placed to survive any sudden shocks. The Banks / lenders have also been extensively ‘stress tested’ and seem better prepared than ever before to cope with any jolts to the system.

Government Strategy
We do not yet know the Housing Minister’s intentions, but the fact that Brandon Lewis is also Minister for London may give some hints. London’s population has grown by around 10% since 2010, and is predicted to grow another 1 million (14%) by 2024 as the city remains a prime focus for those seeking employment. As the political capital, it is also witnessing growing discontent from hard-pressed tenants and record ratios of residential prices to disposable income.

Therefore, we can expect better property options (sales and lettings) for Londoners to be a key focus for the new cabinet - and a dynamic capital economy will radiate out to the shires and the new commuting corridors, such as East Anglia and the Medway.

UK levels of home ownership continue to fall (now down to 64%, even lower in some northern cities such as Manchester now at 58%). This is actually a common long-term trend in most advanced countries (e.g. France, Germany) and, given limited public investment in social housing, should encourage the private rental market to fill the gap - so ‘Buy To Let’ and ‘Build To Let’ should start to flourish once again.

Longer term, the UK economy (and therefore the residential housing market) will depend on three main factors: GDP growth per capita (often called productivity), population growth, and levels of interest rates. Currently, the outlook for two of the three support renewed confidence in the UK residential property market.

Read more from Marcus on Brexit here.

Residential Sales
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Cornwall, TR11 3DN

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Penryn, Cornwall TR10 8GU

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Penryn, Cornwall, TR10 8GU

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