LONDON - July 7, 2020 - If you have been following the property market news, you know that the only thing certain is uncertainty.
The 3-month lockdown and the pandemic has affected estate agents, and the property market in general. Property investors were watching the developments to potentially spot the future trends.
Uncertainties regarding the future of the UK property market remain. Tamas Borodi, director of PropertyMenu provided us with some useful overview on the current and future trends of the property market.
You can find proof that the market is back and prices are growing again (see latest Rightmove May market data and also that the market is expected to going down (see Saville's Residential Property forecast).
Uncertainty is holding back many players entering the market at the moment.
We see and feel that agents, sellers, investors are keen to go back to normal. However, we do not expect business as usual for a while.
What we see is that investors are actively looking for opportunities; and deals are out there to be found. The good news is that funding is definitely available if the numbers stack up.
How to Make the Most Out of the Property Market's Current Conditions?
"The way we manage our risks and uncertainties at the moment, focusing on high return on investment property deals, which offer really good rental returns and a 'no brainer' alternative to keeping your money in the bank. Capital growth is there for long term, we are convinced that the market fundamentals are driving the prices up in mid-long term"
What Are You Doing to Help Investors In New Ways Post-Pandemic?
COVID has helped us to make some adjustment and positive change in our business, which we are really excited about.
We have heavily invested into our back-office processes to be more efficient serving our customers
We have grown our team; and found that this is a great time to find talents on the market.
We are extending our product & service offering. Not only selling deals for a fee but also offer hands off property investment and management services to investors who want to beat the bank but do not want to get involved in the daily management of their property portfolio. We are aiming to establish long-term partnership with our investors.
We are launching our 'Preferred Partner Program' and looking for service providers who are buying into our vision and value and want to join us to make this industry clearer and more transparent.
Uncertainty is there, but life and business need to move on.
Are you interested in more insights on investing in property after COVID-19? Download the free report PropertyMenu has prepared to help investors out.
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