Fishers’ Post

🚨 Rents on the Rise 🚨 Savills predicts rental prices will soar nearly 18% over the next five years, driven by a growing imbalance between supply and demand as investors exit the market. The trend remains sharply upward despite some ‘brakes’ on rent increases, like tenant affordability. National rents rose 4% in the 12 months to September—less than half of last year’s growth. But here’s the catch: 📉 Rental listings in September were 16% lower than pre-pandemic levels (2018-19). ⏱️ Properties are letting 20% faster in 2024 than five years ago. London tenants may see some relief, but the broader market is under immense pressure. What’s your take on the rental market squeeze? #miteshmanek #rentalproperty #rentincrease #mortgagebroker #rentalmarket #buytolet

Sameer Chopra, Craig Godber, and Izzy O'Hara of CBRE Research released an interesting missive this week. In their forthcoming Apartment Outlook Second Half 2024 report, they are cutting forecast apartment supply for FY25 by 21% and FY26 by 36%. They see new apartment supply over the next five year period FY25-29 at circa 45% below pre-pandemic completion rates. They believe apartment values will rise by 30% to end 2026 due to the following: 1. Cost to construct (economic value) of new apartment supply is currently 23% higher than current prices. 2. Newer vintage apartment stock is already selling at prices which are 30% higher (2-bed) and 45% higher (3-bed) than older vintage stock – see chart below. 3. Falling interest rates will allow affordability to be maintained.  They forecast  8-10 cuts over two years In Sydney, they see the Hills District, Inner West and Parramatta accounting for 45% of Sydney's new stock over the next 5 years. In contrast, they see Bankstown, Eastern Suburbs, Northern Beaches and Sutherland Shire each accounting for less than 5% of future pipeline and these limited supply locations could be the  set-up for particularly strong price growth. You can access the full article here - https://lnkd.in/gnS9qKMp --- #PropertyExpert #BuyersAgent #BuyersAgentSydney #SydneyPropertyMarket #SydneyRealEstate #RealEstateAustralia #Apartment

Data from Savills' 2024-2028 forecasts have predicted that housing transactions will increase next year as there is more stability within the market after high interest rates over the past couple of years. Are you planning to move next year? 🌟 Please get in touch to find out how best to prepare your property for the market! #PropertyMarket #UKProperty #LuxuryLiving

Savills has shared some interesting forecasts for the rental market over the next five years: 👉 UK rents are expected to grow by 3-4% annually, with London slightly lagging as rents hit affordability ceilings. 📊 But right now, the pace is much faster! According to the ONS, rents surged 8.7% in the year to October, with London leading at 10.4%! 🔥 💡 As we approach the new year, the affordability challenge remains a key issue. How do you see this playing out? Are current rental growth rates sustainable, or will we see a slowdown as affordability pressures mount? ✨ Let’s make these final weeks of 2023 count and finish strong! 💪 #PropertyMarket #RentalGrowth #Landlords #PRS #UKHousing #ClosingDeals #EndOfYearPush #FinishStrong

The only way is up - CBRE Upgraders have overtaken first home owners to be the most active residential buyer cohort in Australia, a new CBRE survey shows, says CBRE’s Pacific Head of Research, Sameer Chopra. CBRE’s Pacific Head of Research, Sameer Chopra noted, “In the short-term, until we get meaningful interest rate cuts, I expect upgraders and first home buyers will continue to dominate demand. Down the track, the downsizer and investor market could become more active once there is more confidence in demand and pricing.” “Melbourne has seen less demand from investors due to tax changes and proposed landlord rental standards. This has fuelled increased investor activity in both Adelaide and Perth. Notably, the demand for recently renovated and new properties has remained strong throughout 2024,” CBRE’s Residential Valuations National Director Kat Hale FAPI CPV FRICS said. Read more on The Real Estate Conversation - https://lnkd.in/gvUeT5hF Izzy O'Hara CBRE Asia PacificBader Naaman John Beresford Andrew Rankin Jamie van Burgel Luxury List The ASEAN Developer #CBRE #CBREresearch #CBREinsights #residentialproperty #CBREreport #realestateaustralia #australianrealestate

In our Mainstream Residential Forecasts, our Savills research team has outlined expectations for UK price growth, transactions, and rental trends over the next five years: https://lnkd.in/eCscRsYB. Highlights include: ➡️ Predicted 4% growth in UK property values for 2025, with a cumulative 23.4% by 2029, led by the North of England and Scotland. ➡️ Transaction volumes are projected to increase, especially among first-time buyers. ➡️ Rental growth to moderate in line with income growth, reflecting affordability constraints. For deeper insights, explore our team's analyses covering regional variations, economic influences, and market dynamics. #Savills #SavillsResearch #UKProperty #HousingForecast #Residential Savills Residential

Did you know that according to a recent research by CBRE the demand from tenant remains strong in 2024? Implying that the rent growth will remain at an all time high of 6% across England with rising demand in the sector. Source: CBRE UK Real Estate Market Outlook 2024 #realestate #realestateforecast #England #propertymarket #propertymanagement #London #tenantdemand #professionalmarket #UnitedKingdom #estateagent

Sydney and Melbourne lead Australia in monthly price growth: Price growth in Australia's real estate market has continued through February, with notable performance in cities... https://bit.ly/49IlTLK

In our Mainstream Residential Forecasts, our Savills research team has outlined expectations for UK price growth, transactions, and rental trends over the next five years: https://lnkd.in/eV4tvp5D. Highlights include: ➡️ Predicted 4% growth in UK property values for 2025, with a cumulative 23.4% by 2029, led by the North of England and Scotland. ➡️ Transaction volumes are projected to increase, especially among first-time buyers. ➡️ Rental growth to moderate in line with income growth, reflecting affordability constraints. For deeper insights, explore our team's analyses covering regional variations, economic influences, and market dynamics. #Savills #SavillsResearch #UKProperty #HousingForecast #Residential Savills Residential

Property valuers are becoming more cautious about demand in the coming 12 months due to interest rate uncertainty according to a CBRE survey. However, most are still expecting house prices to rise by at least 5 pc in the coming year amid scarce supply. Valuers are particularly upbeat about apartments as demand shifts to this sector. Sameer Chopra #propertyinvestment #sydneypropertymarket #perthproperty #housingmarket