London house prices slump at fastest rate in almost 10 years

ONS | July 17, 2019

London house prices slump at fastest rate in almost 10 years
The price of a house in London fell by 4.4% over the year to May 2019, marking the biggest annual slowdown in almost ten years. Statistics released Wednesday by the U.K.s Office for National Statistics (ONS) reveal that Mays was the lowest annual rate in London since August 2009, when prices contracted 7.0% from August 2008.

Spotlight

The global real estate market offers uniquely appealing long-term prospects for investors capable of acquiring the data necessary for confident decision making. Critically dependent on local conditions and trends, the market has long been locked away from most retail investors, often from the other side of the planet, who simply lack the resources necessary to gather such data. The problem presented by this information inequality is made more urgent by the fact that this asset class is one of the most reliable stores of value and vehicles for growth available. Both toughened by the economic crisis and boosted globally by the fastest rates of mass urbanization humanity has ever experienced, this is one market that can reliably act as a hedge against detrimental factors such as political instability, environmental crises and slowing economic growth. It is therefore in the best interest of the greater global society that barriers of entry to this space be minimized wherever a mechanism to manage any inherent risk can be deployed.

Related News

Invictus Capital Partners Establishes Commercial Real Estate Credit Division, Invictus Commercial Real Estate Finance

Invictus Capital Partners | June 02, 2020

Invictus Capital Partners, L.P., a Washington, D.C.-based alternative investment management firm, today announced the creation of a commercial real estate credit division, Invictus Commercial Real Estate Finance. It will be led by Ricardo Koenigsberger and Kenneth Witkin who have been appointed as Senior Managing Directors and Co-Presidents and charged with strategically building and managing a multi-disciplined commercial real estate credit platform.

Read More

REAL ESTATE TECHNOLOGY

SERVPRO Partners with Reonomy to Unlock New Depth of Commercial Market Intelligence

Reonomy | October 07, 2021

Reonomy, the leading provider of actionable commercial real estate (CRE) data, announced a partnership with SERVPRO, a leader in fire and water cleanup and restoration services, construction, mold mitigation, biohazard and pathogen remediation. Through this partnership, SERVPRO will have access to Reonomy's vast offering of property and ownership data, driving greater accuracy and efficiency in their lead generation efforts and aiding overall market share expansion. As part of a company-wide effort to build a smart and scalable lead generation tool to expand their national footprint, SERVPRO sought a commercial data provider that could service the distinct needs of its sales team across various geographic markets, and identify gaps in coverage to guarantee a full scope of customers. Reonomy's platform will play a key role in driving this initiative. Via Reonomy's API, SERVPRO's 1,900+ franchises will gain access to a more standardized and sophisticated business development pipeline rooted in data, allowing them to better identify opportunities in the markets while driving more strategic, targeted outreach to prospects across rural, suburban, and urban geographies. This partnership arises during a turning point in the restoration industry, where organizations are seeing a rise in sophisticated tools for driving more efficient business development capabilities. Reonomy will benefit from collaborating with SERVPRO's rich data science team, incorporating valuable, timely feedback as they ramp up their product development efforts and explore other use cases for their technology. We are constantly looking to explore deeper applications for our technology and are thrilled to be partnering with the SERVPRO team as they look to expand their national footprint in the commercial space, Their data team will be an invaluable partner to us as we continue building our product roadmap to service the industry. In our search for a partner, being able to have flexibility and depth in our data was key to successfully powering our lead generation efforts and helping us hit our expansion goals, We're excited to be working with Reonomy to provide a more efficient and flexible value offering to our franchise owners. - Mike Stahl, CMO of Servpro Industries, LLC. About Reonomy Reonomy is the leading provider of CRE insights, empowering top brokerages, financial institutions, and commercial services providers with actionable data and solutions. Armed with Reonomy's enterprise-grade products, CRE professionals and organizations gain comprehensive market understanding, discover opportunities, and streamline research processes. About Servpro For more than 50 years, SERVPRO® has been a trusted leader in fire and water cleanup and restoration services, mold mitigation, biohazard and pathogen remediation. SERVPRO's professional services network of more than 1,900 individually owned and operated franchises spans the United States and Canada, responding to property damage emergencies large and small from million-square-foot commercial facilities to individual homes. When disaster strikes, homeowners, business owners and major insurance companies alike rely on SERVPRO to make it "Like it never even happened."

Read More

Real Estate Lender New Silver Launches FlipScout, A Free Tool For Investors

New Silver | August 20, 2020

New Silver the data-driven lender, has announced the launch of FlipScout a free tool that lets real estate investors find properties that they could earn the highest return on. New Silver is an established non-bank lender solving tough challenges in the “hard money” vertical. This newly-launched tool is now available on their website. “New Silver has been actively working to introduce modern solutions to pain points that are common in today’s real estate investment market. With FlipScout, you’ll be able to search for any city or zip code and find properties that make sense to investors.

Read More

Spotlight

The global real estate market offers uniquely appealing long-term prospects for investors capable of acquiring the data necessary for confident decision making. Critically dependent on local conditions and trends, the market has long been locked away from most retail investors, often from the other side of the planet, who simply lack the resources necessary to gather such data. The problem presented by this information inequality is made more urgent by the fact that this asset class is one of the most reliable stores of value and vehicles for growth available. Both toughened by the economic crisis and boosted globally by the fastest rates of mass urbanization humanity has ever experienced, this is one market that can reliably act as a hedge against detrimental factors such as political instability, environmental crises and slowing economic growth. It is therefore in the best interest of the greater global society that barriers of entry to this space be minimized wherever a mechanism to manage any inherent risk can be deployed.