Comment on Zoopla data showing a surge in homes for sale

August 28, 2024

Commenting on the latest Zoopla data showing a surge in the stock of homes for sale, Daniel Austin, CEO and co-founder at ASK Partners, said: “Research suggests that the property market is not traditionally affected by general elections, but it is positive to see that the recent election has not had a negative impact. We are continuing to see a month-on-month rise in house prices, which is hopefully the sign of an upward trend developing for the rest of the year. The market certainly appears to be showing signs of resilience. Everyone is waiting in anticipation of what the new government will do to drive construction of new homes and unlock the planning system, and it is likely that initiatives announced in the coming months will give the market a further boost.

“In the property investment world, rent values have seen sustained growth, positioning real estate as reasonably valued in comparison to gilts and presenting growth potential. In the realm of commercial real estate, we have seen values hit the bottom and confidence return. The market has picked up with opportunistic acquisitions of prime properties in prime locations.

“As a debt provider, we hope to support well-capitalised borrowers who understand their product and are looking at the best sites in prime locations with potential to add to their asset value. Following this strategy, we aim to bolster developers’ initiatives with the flexible underwriting approach that is necessary for navigating a changing market. This will enable us to continue to offer opportunities for the growing number of private individuals opting to invest in property debt.”

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. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

LIVING BY THE SEASIDE 2022
Overseas Property

Brits continue to chase Spanish sunshine

The latest data insight from Enness Global has revealed that British interest in buying property in Spain continues to strengthen, despite growing political pressure from the Spanish government to restrict overseas buyers and curb foreign investment in the housing market. Enness Global analysed Google search trend data across the UK, tracking search activity related to…
Read More →
Breaking News

Property finance expert reveals the five renovations that could devalue your home

Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not always make that back on the sale price. In some cases, renovations can seriously reduce a property’s appeal…
Read More →
Estate Agent Talk

Urban housing mix forces estate agents to work harder

The latest market analysis from eXp UK has revealed that estate agents operating in more urban, built-up markets are often required to work significantly harder to generate comparable earnings, due to the dominance of flats within city housing stock and the far lower commission secured per sale when compared to detached homes. eXp UK analysed…
Read More →
Breaking News

Property compliance experts urge landlords not to ignore major tenancy changes under Renters’ Rights Act

Beresfords property group highlights key actions landlords must take as new tenancy rules, enforcement powers and energy standards approach. UK landlords are being warned not to overlook major changes to tenancy agreements and compliance requirements, as the Government moves closer to implementing the Renters’ Rights Act 2025. Following the publication of draft secondary legislation, the…
Read More →
Breaking News

Nationwide becoming first lender to allow mortgage deeds to be signed digitally

Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average. These prolonged timescales only serve to increase pressure and uncertainty…
Read More →
Breaking News

Fruitful year ahead for aspiring first-time buyers

First-time buyers and those with little equity to refinance will find greater mortgage choice. During January, there was an uplift in higher LTV deals, with 90% LTV options at a record-high, plus a boost to 95% LTV deals, which are at their highest count since March 2008. The electronic monitoring of LTV choice at Moneyfacts…
Read More →