Comment on how latest Rightmove data shows asking prices double the long-term average

September 16, 2024

Commenting on how the latest Rightmove data shows how asking prices are double the long-term average, Tom Brown, Managing Director, Real Estate at Ingenious, said: “Today’s data shows that the resilience and appeal of the UK property sector persist. Though we have seen higher inflation and sticky borrowing rates, we welcome the BoE’s recent rate cut and what will hopefully be the start of the much needed falling rate cycle.

“There’s clearly a significant and notable shortage of housing inventory across various price brackets and locations. Consequently, any decline in homeowner sales is likely counterbalanced by increased demand from renters and investors. This is a trend that is not going away. However, it’s crucial to recognise that the situation isn’t consistent nationwide or across different property pricing brackets. It’s helpful to delve into subsectors and regional dynamics when assessing opportunities, as a broad market view can be misleading. In the real estate sector, we’re seeing significant investment capital for assets for long-term rental. On account of their scale and buying power, these typically institutional investors face fewer disruptions than owner occupiers or small-scale Buy-to-let investors.

“At Ingenious, we continue to work closely with borrowers and investors, adapting to the dynamic market landscape and broader economic shifts, including those related to the climate crisis and changing lifestyles. We are expanding the reach of our development lending product to provide extended stabilisation terms for specialised developers in the rental sector. Furthermore, we’re introducing special lending terms for developers focused on reducing embedded carbon in their construction practices.”

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

How good is the Karcher K2 Pressure Washer
Software & Tech

The Importance of Using the Correct Parts and Safety Measures in Mechanical Operations

Mechanical operations involve complex machinery and equipment that require precision, durability, and strict safety protocols. Whether working in manufacturing, automotive repair, or industrial maintenance, using the right components—such as a choke cable, Numatic spare parts, or implementing safety measures like a retractable barrier—is crucial for operational efficiency and accident prevention. This article explores the significance…
Read More →
Breaking News

Breaking Property News 10/03/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   The Guild of Property Professionals announces Guild 365: A faster, smarter AML solution and consumer onboarding App The Guild of Property Professionals is proud to announce that its Members now have access to an AML solution and consumer onboarding app, Guild 365. Developed by…
Read More →
Breaking News

UK Government must consider ‘unintended consequences’ of High Street Rental Auction powers

UK Government must consider ‘unintended consequences’ of High Street Rental Auction powers, NAEA Propertymark Commercial Advisory Panel suggests The ‘unintended consequences’ of High Street Rental Auction powers given to local councils must be considered by the UK Government, the NAEA Propertymark Commercial Advisory Panel has suggested. The Ministry of Housing, Communities, and Local Government (MHLCG)…
Read More →
Planning disputes on new build land
Breaking News

Ministers could slash the number of official bodies that get a say in planning decisions in a drive to cut red tape.

As part of the Government’s pledge to build 1.5 million homes this Parliament, it will aim to cut red tape by consulting on removing a number of official bodies that have a say in planning decisions. The consultation will include removing Sport England, the Theatres Trust and the Garden History Society from the list of…
Read More →
Breaking News

Zoopla unveils new CEO and strengthens leadership team

Zoopla, one of the UK’s leading property websites, is pleased to announce the appointment of Paul Whitehead as Chief Executive Officer, alongside a number of other changes to strengthen its leadership team, including the appointment of Sam Fletcher as Chief Finance Officer. Paul rejoins Zoopla having previously served as its Chief Strategy Officer. Over the…
Read More →
Commercial Agent Talk

The Advanced Power Decoration Solution | How Waterproof Powerstation Differs from Conventional Generator

Arranging an event or activity to commemorate a particular occasion requires a peaceful and calm environment. Continuous electric supply is an essential requirement for conducting the event or program. Traditional power generators are noisy, smoky, and vibrating, disturbing the overall activity. Undoubtedly, eco-friendly, noise-free, and reliable industrial power station will be ideal to fulfill the…
Read More →