Proactive Investors - Run By Investors For Investors

Belvoir Lettings PLC trading strongly as renting becomes lifestyle choice

Belvoir Lettings PLC (LON:BVR) chief executive Dorian Gonsalves told Proactive that it has started the 2019 financial year “incredibly well" in what remains a flat market.

Franchise fee revenue is up 6.3% while sales commissions have risen by 10.3%.

London and the South East might be suffering but Belvoir does not operate much there while the regions are thriving, he says, with prices and transaction volumes rising.

Some thirteen million people rent in the UK and increasingly it is becoming a lifestyle choice says Gonsalves, which benefits professionally run networks such as Belvoir.

He is also sanguine about the introduction of the tenant fee ban in June.

“There is very strong tenant demand and this will feed through into higher rents over the next 6-12 months.”

Meet Cardinal Resources Ltd and Legend Mining Ltd at our event, Melbourne , 16 July 2019. Register here »
View full BLV profile View Profile

Belvoir Lettings Timeline

April 02 2019

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use