Pulse on Property Ep.7 Feb 2023 Slides

Property Industry Insight into the Market Rents Rising - Is It a Perfect Storm?

Is 2023 a Good Year to Invest in Property?

What is meant by the term property growth?

Property Industry Insight into the Market Property Industry Insight into the Market, the smallest ever increase from January to February.

Tom Bill, Head of UK residential research at Knight Frank commented: Buyers and sellers switched off early for the holidays" ..but have come back surprisingly strongly in 2023."

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Matt Thompson, Chestertons' head of sales, said: ..This month, we have so far seen a 17% uplift in viewings and 14% decrease in withdrawals.

Sebastian Verity, head of research at Chestertons, added: "less choice means more competition and this in turn seems to be helping to support prices."

Rents Rising - Is It a Perfect Storm?

Has the Government created a nightmare for tenants in actually trying to help tenants

Spiralling landlord costs, new legislation & obligations equates to landlords selling or giving up which equates to a reduced supply in turn leading to increased demand causing rents to increase

The Government needs to stop looking at legislation to help renters but to start helping the supply chain

BUT Eight out of 10 landlords still see residential property as the best form of

investment, according to the Leaders Roman Group (LRG) and added: The housing crisis cannot be resolved by penalising the already stretched private rented sector."

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What is meant by the term property growth?

What are the factors that would indicate an area is about to grow in value?

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Is there a right time to get in" and get out"?

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What are the advantages with taking a punt" on an area?

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What signs should I look for in a location?

What are the key indicators in a market - for example, should I look at asking prices going up or selling prices?

How can I check if an area is over saturated?

What does the probably t

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Postcode

Ave ask Price (23)

Ave Sold price (23)

Asking price 5 yrs ago

1 year growth

3year growth

Syear growth

Bought Syears ago profit if sold now

Buying now versus selling now

Salford

£245,000.00

£237,374.00

£225,950.00

-8%

4%

9%

5.06%

-3.11%

Northern Quarter

£289,000.00

£235,000.00

£202,300.00

-9%

8%

30%

16.16%

-18.69%

Miles Platting

£197,000.00

£163,000.00

£61,070.00

14%

37%

69%

166.91%

-17.26%

Leeds City Centre

£176,000.00

£192,909.00

£172,480.00

-1%

-5%

2%

11.84%

9.61%

Hunslet - Southside

£185,000.00

£158,000.00

£122,100.00

8%

21%

34%

29.40%

-14.59%

Location

Cities with differing regeneration schemes M3 M4 M40

LS1 LS10

Relevant points of discussion: Salford should actually be defined over 10 years as that is when the BBC moved in - average sales price then was £110,000 which would equate to a 213% growth on sales price now How Cities follow the same pattern - The Northern Quarter trend started about 7 years ago Miles Platting the latest with the latest massive regeneration programme Manchester is a perfect example of how when one area comes to prominence then the others suffer - that does not mean there is not a wrong time to buy With Leeds - the massive interest and appetitie for a place out of the City has now usuroed the City itself making the City more attractive now than than the regeneration area from a price and investment perspective

Postcode

Location

Ave ask Price (23)

Ave Sold price (23)

Asking price 5 yrs ago

1 year growth

3year growth

Syear growth

Bought Syears ago profit if sold now

Buying now versus selling now 12.70%

Areas where you can buy and sell for more based on average figures AB10 LS1 LU1 85

Aberdeen

£126,000.00

£142,000.00

£134,000.00

-3%

-6%

-6%

5.97%

Leeds City Centre

£176,000.00

£192,909.00

£172,480.00

-1%

-5%

2%

11.84%

Luton

£260,260.00

£265,000.00

£138,000.00

-4%

10%

47%

92.03%

Oigbeth

£210,000.00

£220,000.00

£147,000.00

-8%

5%

30%

49.66%

Relevant points of discussion: These areas are areas where based on the average prices you can buy now and still make a Profit selling - why?

On the face of it they are areas where the numbers would not suggest investing for growth.

The suggestion and based on patterns is that Luton and Digbeth maybe about to slip into the negative, but what about Aberdeen and Leeds City Centre?

Postcode

Location

Ave ask Price (23)

Ave Sold price (23)

Asking price 5 yrs ago

1 year growth

3year growth

S year growth

Bought Syears ago profit if sold now

Buying now versus selling now

Aberdeen

£126,000.00

£142,000.00

£134,000.00

-3%

-6%

-6%

5.97%

12.70%

Leeds City Centre

£176,000.00

£192,909.00

£172,480.00

-1%

-5%

2%

11.84%

9.61%

Wrexham

£193,000.00

£171,000.00

£191,000.00

-9%

4%

1%

-10.47%

-11.40%

Derby

£161,000.00

£153,000.00

£106,260.00

8%

12%

34%

43.99%

-4.97%

Areas of interest to us based on the figures

AB10 LS1 LU1 B5

Relevant points of discussion: Why are these areas of interest?

What are the plans for some of these areas?

Why would the momentum change and what is the reasoning behnd the change - using examples of the likes of the regenration areas.

Is there something to be said about consistency?

Residential Estates

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