We are extremely proud to say 2015 was the best year ever for our Group and franchise owners. As a PLC business, we have now released our final results.
2015 certainly saw many changes in the property market whether this be legislative updates, technology advancements, pension reforms and of course government modifications and initiatives. Our confidence however in the property sector and in particular the rentals market remains unchanged!
During 2015 we let more properties than ever before and ended the year managing over 45,000 tenanted homes.
In addition according to recent research by Savills (Savills Research February 2016), the equity in mortgaged buy-to-let properties now exceeds the equity in mortgaged owner occupied properties. Debt is falling in the buy-to-let sector and more properties are owned mortgage-free. We believe that pressure on the UK housing stock and an appetite for income in retirement from an ageing population will continue to mean that buy-to-let investment remains an attractive proposition.
Despite changes to the tax treatment of buy-to-let investors we remain very positive about prospects for the private rental sector as the fundamental drivers all remain in place. With this in mind Ian Wilson, Chief Executive Officer was asked to appear on Sky News (Tuesday 05th April 2015).
We are delighted to have partnered with our highest number of new franchise recruits in 2015 for three years. We opened 13 new offices and furthermore, enquiries from potential franchisees have been on a steep rise during the final quarter of 2015.
2016 is set to be another record breaker!