Franchise news


Belvoir reports record-breaking figures

The Belvoir franchise, one of the UK's largest residential property lettings agencies, announced recently that its franchisees have been reporting increased demand for rental properties and record-breaking figures for 2008.

"Our March and April figures reveal a huge increase on 2007," says Mike Goddard, founder and CEO of Belvoir. "Figures for April 2008 were 36 per cent higher and May shows in the region of 30 per cent growth, dispelling any myths that the lettings market is depressed.

"Feedback from Belvoir franchisees around the UK confirms a huge increase in activity. The credit crunch means people are unable to borrow sufficient funds to get mortgages, which creates more tenants. Owners who are unable to sell properties are choosing to rent them out instead. This is creating a massive head of steam in the rental market. I predict record-breaking figures for June as well.”

Belvoir was founded in 1995 by Mike and Stephanie Goddard. The nationwide network now consists of around 125 franchise outlets and, the company says, its long-term target is to establish a national network of 300 franchised territories over the next ten years. (kbp)


letting and property management
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