Throughout 2022, the property industry has seen a boom in rental demand echoed by the current performance across our portfolios. Currently, as a company, we’re at an impressive 98% occupancy rate. The average rental growth across our properties in 2022 has been 10%. More specifically we have seen the strongest growth in our UK Regional Cities at 14% followed by London at 8% and Berlin at 7% this year. We continue to see growth across our tenancy renewals having achieved a 5.38% increase on renewals in London, a 3.45% increase in Manchester and a 1.45% in Birmingham.
We are proud to say that across our 2022 portfolio of completions we have achieved on average 116% of our rental predictions.
We are proud to give you an update on some of our completion highlights for the year ending 2022.
Eden West is a modern development, boasting premium appliances and contemporary design features, located in Berlin. Attention has been given to every detail within Eden West’s 20 spacious single bedroom apartments, as well as its single fifth floor penthouse.
Einbecker is a modern residence located in the growing Berlin neighbourhood of Lichtenberg with 40 new-build units. The development is positioned close to a number of educational institutions and one of the city’s largest technology hubs.
Arc Avenue is a thoughtful refurbishment of a Grade II listed building, comprised of 58 one- and two-bedroom apartments located near the River Tyne in Newcastle. The contemporary renovation coupled with easy access to the city centre make it particularly popular for young professionals looking to rent.
Bell Street Apartments strike an attractive balance between classic elegance and modern design. The building is ideally positioned only 11 minutes away from Glasgow Central Station, where the new HS2 connection is expected to significantly drive up regional value.
Bela Vista is Portuguese for ‘beautiful view’, the modern development offers 14 units with breath-taking panoramic views across Lisbon and the Tagus River.
Complete’s lettings and property management operations in Berlin has gone from strength to strength, since we started operating in the German capital. And from day one Complete has been providing clients with the highest standard of customer service possible.
Complete’s London lettings and property management operations is one of our longest standing, with our lettings and property management experts on hand to provide our clients with market advice.
Since the introduction of the Northern Powerhouse initiative back in 2014, large waves of regeneration initiatives have been on-going in the cities of Manchester, Birmingham and Liverpool. To support the increase in property investment to these cities, we opened Manchester office in 2016 and our Birmingham office in 2018.