The Real Estate Conversation’s Post

The latest rental forecast from Savills predicts rents will grow by 17.6%, over the next five years. The forecast reports tenant demand remains at an elevated level according to the latest RICS survey and portal listings data shows properties letting 20% faster in 2024 to date, than during 2018/2019. Read the full story and forecast in Property Industry Eye here: https://lnkd.in/eht-6Zgt #PropertyLettings #UKPropertyMarket #Data #Birmingham #BlackCountry #WestMidlands

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

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

What do property valuers expect in the next 12 months? Based on what they’re seeing on the ground day in and day out, they are tipping Sydney, Perth and Adelaide housing markets to post the strongest growth. Do you agree? Thanks to Sameer Chopra at CBRE for sharing this exclusive survey of property valuers. #sydneypropertymarket #perthproperty #houseprices

High-End Real Estate Growth - Expected to Continue Australia’s prestige market is poised for more growth, according to CBRE’s Prestige Residential Valuer Insights for the September 2024 quarter. The report, which surveyed CBRE’s valuers, showed that 54% of respondents expect luxury house values to increase in the next year, with 17% of them predicting over 5% growth. The highest expectations for a boost in the prestige house market are in Western Australia where around 50% of respondents predict between 5-10% growth. In South Australia, fewer respondents predicted growth (30%), but those that did foresee larger increases of more than 10%. Respondents then ranked New South Wales third, Victoria fourth and Queensland likely to see the least amount of growth, each with between 5-10% predicted. One valuer said, “Prestige properties are taking longer to sell, however are still achieving and surpassing expectations in regard to price.” #prestigeproperty #propertymarket #propertyinvesting If you’re looking to invest in property in Australia, MoneyQuest Rose Bay can help you secure finance. Get in touch by emailing [email protected] or calling 0457 575 423.

£200k to £257k in 5 years 📈 Savills May 2024 UK property price predictions ⬇️ On a £200,000 property in the North West, Savills predict a 28.8% growth over 5 years, equating to a £57,600 profit. That means a 100% Return on Investment in your first 5 years, before taking in to account the rental income. Savills have not only revised their 2024 UJ property predictions (from -3% to 2.4%), but also predict on average a 21.6% growth over the next 5 years. •⁠ ⁠North West 28.8% •⁠ ⁠West Midlands 23.4% •⁠ ⁠London 14.2% There are hotspots that will outperform these, which can be discussed during a tailored 1 to 1 meeting to understand your goals. Link to forecast - https://lnkd.in/ejuQCd4s Siôn Bennett John T. Andy Butts #ukproperty #propertyinvestment #ukpropertyprices

The UK real estate market has shown a roller coaster trend over the past 24 months. Initially, there was a notable increase in property values due to high demand and limited availability. However, there has been a recent slight downturn, particularly in areas like East Anglia and the South of England. Buyer interest has weakened slightly, but there are expectations for a sales volume recovery in the near future. Although some regions have seen price declines, others like Northern Ireland and Scotland continue to see growth. Overall, the market has displayed resilience despite challenges, instilling cautious optimism for the future. #UKHousingMarket #Resilience SEE BELOW A GOOD BIT OF DETAIL C/O SAVILLS https://buff.ly/46igpa0

After my recent trip to #perth I do stand by the Valuer’s thoughts on the expected growth. Largely based on how readily available a $500k home I can be found which leases out for $650+ per week. It’s a highly affordable to purchase for occupying or invest. Only time could tell. #australianrealestate #growth #propertyinvestment #perth #sydney

🚨 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

Australia’s Real Estate Value Surpasses $11 Trillion Despite Cooling Growth ✅Australia's residential real estate market has reached a new milestone, with the total value of properties climbing to $11 trillion for the first time 🏡, increasing by $900 billion in the past year 📈. ✅Despite the overall growth, national home values rose by just 1.0% in the September quarter 🗓️, the slowest quarterly rise since March 2023 ⏳, indicating a cooling market 🧊. ✅Perth values reached a new record high with the highest annual growth of 24.1% 🚀, driven by sustained demand and limited supply 🏘️📉. Sydney, Brisbane, and Adelaide also saw record high dwelling values 🏠. ✅Melbourne and Hobart experienced quarterly and annual declines in dwelling values, with values being -5.1% and -12.5% 📉 below their record highs recorded in March 2022. ✅Investors represent a significant proportion of buyer demand, making up 38.6% of new loan commitments 🏦, with high investor activity likely due to perceived opportunities for capital gains 📊 and tighter rental market conditions driving potential yield growth 📈. #australiarealestate #propertymarket #investingInproperty #perthproperty #sydneyhousing #brisbanegrowth #adelaiderealestate #melbournemarket #rentalyields