Ingenious Real Estate comments on unexpected UK house price strength

Tom Brown, Managing Director of Real Estate at Ingenious, comments on the unexpected UK house price strength experienced in October.

“Positive economic data, increased job security and employment with wages on the up following the exiting of the successful national furlough scheme have underpinned residential property markets which continue to perform well.

“However, the market is complicated when we look behind the headline numbers. While many segments continue to grow, city centre flats, for example, don’t always paint the same overall picture of demand which has reduced as people search further afield for more outside space, homes with gardens, practical workspaces and quality infrastructure.

“When analysing residential markets, it is key that we take a close look at the subsectors and the regions in which they are located. It can be misleading to look too broadly and at Ingenious, we remain committed to providing flexible, cost-effective financing solutions for our clients by sourcing residential opportunities from across the UK based solely on individual merit.”

Kindly shared by Ingenious Real Estate

Main photo courtesy of Pixabay