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FirstPort outlines 2022 property trends

By Tim Wickham
25 January 2022

Hampshire-based residential property management company FirstPort has identified renewed regulatory focus, retirement communal living and environmental, social and governance (ESG) as three of the main trends that will make waves this year.

The company was ranked at number 71 in The Business Magazine's 2021 edition of the Solent 250 list of the biggest local businesses. FirstPort's Chief Executive Nigel Howell (pictured) said:

2022 will bring a renewed focus on the Regulation of Property Agents. Having good quality property managers has never been more important as the complex Building Safety requirements relating to remediating buildings with cladding issues become clearer. Leasehold reform is promoting additional models of building ownership and greater resident decision making.”

The company said modern and purpose-built retirement communities will continue to rise in popularity as more people recognise their value in enhancing later life by providing ample opportunities to foster social connections.

Research by FirstPort found that four in 10 over 65s say the pandemic has prompted a move to independent retirement living. Nearly a quarter (23%) of those looking to move into a retirement community had not considered this before lockdown.

Finally, FirstPort believes that organisations are now understanding the need to consider and react to the environmental impact of their work, as well as how best to collaborate with residents and wider communities to make a difference.

Howell said:

“The requirements around measuring and reporting on green initiatives will be further enhanced by the Environment Act 2021, but understanding an organisation’s carbon footprint, green energy uptake or colleague wellbeing initiatives will become important boardroom metrics to measure success. There will also be a focus on how we can influence sustainable developments and make changes that support our customers and contractors to be more responsible, too.”

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