Home > News > featured news > U. K. Prime Country Home Prices Still Impacted by Brexit in Late 2019

U. K. Prime Country Home Prices Still Impacted by Brexit in Late 2019

WORLD PROPERTY JOURNAL | December 30, 2019

According to international real estate consultant Knight Frank, prime regional country house prices in the United Kingdom were unchanged in the final three months of 2019, taking the annual change in values to -0.8%. Prices have been flat or declining for the past three years. Political uncertainty continues to be the biggest single constraint on the market, agents note. The run-up to the general election in December added to this, with some buyers putting deals on hold while awaiting the result and some vendors holding off bringing properties to market. That said, overall demand has remained strong albeit price-sensitive. The average number of new prospective buyers registering their interest in purchasing a property per Knight Frank office was 9% higher in the 11 months to November 2019 compared with the same period last year, for example.
The certainty afforded by the outcome of the election should result in some of this pent-up demand being released into the market. The extent to which this translates into transactions in the short-term will depend on the size of the pricing expectation gap between buyers and sellers.

Spotlight

Local Demographics | Out-of-the-Box Location Intelligence Solution

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

More featured news

Spotlight

Local Demographics | Out-of-the-Box Location Intelligence Solution

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

Related News

AGENT, REAL ESTATE INVESTMENT

Parvis Announces Co-Agency Agreement With Equiton To Distribute Two Of Its Funds

PRnewswire | May 08, 2023

Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company"), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced a co-agency agreement with Equiton, a leading Canadian private equity real estate investment firm, to distribute two Equiton products on the Parvis platform. Through this co-agency agreement, investors registered on the Parvis platform will have turnkey access to a leading private real estate investment trust (REIT) opportunity with monthly distributions in addition to the varying, premium development projects listed on the platform. The two funds set to be listed include the Equiton Apartment Fund and Equiton Income and Development Fund, both designed to provide investors with access to a diversified portfolio of institutional quality real estate investments. "We believe in Canadian real estate. Its strong fundamentals have helped many people build wealth for their families. That's why we're so excited about this partnership with Equiton, " said David Michaud, Chief Executive Officer of Parvis. "From the beginning, we've wanted to build a platform that helps more people build long-term value and wealth. But investors who want access to private real estate investment face barriers. Now, through our tech-enabled platform, we can provide access to both individual and pooled investment opportunities - allowing investors to find the right fit for them, no matter what their investment objectives might be, with little hassle. This is an important step forward for our business, and I couldn't be more excited about it." As of May 2, 2023, the Equiton Apartment Fund comprises 32 properties across 17 communities in Ontario and Alberta, with a total of 2,548 residential units with a targeted annual net return of 8-12% per year. The Equiton Income and Development Fund provides access to a diversified portfolio of institutional grade real estate assets including income producing (commercial/industrial/lending) as well as development projects. The Fund targets an average annual net return of 12% to 16% over a 10 year period. Both Funds specialize in acquiring multi-residential properties in Canada and increasing their value through active management and monthly distributions to investors from rental income and capital appreciation. The listing of these funds follows Parvis' signing of an agreement to provide Exempt Market Dealer (EMD) services to Harvestd and Parametric, which opened up an exciting vertical for the company. About Parvis Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, and Montreal. About Equiton Founded in 2015, Equiton is a recognized leader in private equity investments. We partner with advisors to offer easy access to all types of investment grade real estate through our proven, high-performing investment solutions that provide a variety of benefits including cash flow and capital appreciation. Our real estate expertise and dedication to investors led to tripling of our AUM from 2020 to 2022 during a global pandemic. Our exponential growth is a direct outcome of our leadership team understanding how the industry works and how to create long-term wealth through real estate investing.

Read More

REAL ESTATE TECHNOLOGY, BUYING/SELLING

Rently Partners with TransUnion to offer the Fastest and Most Accurate Tenant Screening for Single Family Rental Properties

PRnewswire | April 06, 2023

Rently, the leader in self-touring and smart home technology solutions, is pleased to announce a partnership with TURSS, a subsidiary of TransUnion (NYSE: TRU) to provide single-family property managers with an automated leasing application that helps eliminate rental fraud, streamlines business operations, and ensures quality tenants. Rently's "3-in-1" rental application uses multi-layer security features and innovative AI technology to instantly verify renter ID, income, and credit history. Using information provided by touring renters, Rently's application can be pre-filled up to 30%, connected immediately to bank accounts and TransUnion for financial verifications, and approved within hours. "Rently is excited to expand our portfolio of smart leasing tools with an innovative product that helps our clients find the best possible tenants," said Merrick Lackner, Rently CEO. "Rently's 3-in-1 rental application continues our commitment to creating real value for our customers." "TransUnion's TruVision™ Resident Score was specifically created for the rental housing industry to provide the most predictive benefit of reducing bad debt through lower evictions and skips," said Maitri Johnson, vice president of tenant and employment screening at TransUnion. "We provide a comprehensive view of each applicant to help property managers choose the most qualified tenants, while remaining fully compliant with the Fair Housing Act." In addition to providing renters with a superior experience, Rently's application also saves renters money because it can be transferred across multiple homes under the same management company and used by multiple renters applying as roommates. Renters can also avoid unnecessary application fees by using Rently's iQual+™, a feature that helps them avoid applying to homes they may not qualify for. Rently's application seamlessly integrates with its popular touring and smart home platform, and managers can view listings and applicants from the same desktop portal. Because it can be easily added through open integration, Rently's application is ideal for clients looking for a flexible "plug and play" solution. About Rently Rently is the leader in self-touring and smart home technology. We offer best-in-class proptech solutions for the rental housing industry. We combine top-tier hardware with an innovative software platform that allows real estate operators to optimize their leasing efficiency and expand revenue opportunities. Rently.com About TransUnion (NYSE: TRU) TransUnion is a global information and insights company with over 12,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. https://www.transunion.com/business

Read More

MARKET OUTLOOK, REAL ESTATE TECHNOLOGY

homegenius Real Estate Rolls Out Cutting Edge AI-Powered Home Search, Unlocking Property Intelligence from Listing Photos

Businesswire | May 30, 2023

homegenius Real Estate has unveiled an Artificial Intelligence (AI)-powered home search portal at www.homegeniusrealestate.com that provides home buyers and sellers with an unprecedented level of property intelligence about active listings, driven by the company’s homegeniusIQ technology. homegeniusIQ applies proprietary artificial intelligence harnessing image recognition and computer vision technology to analyze real estate images to assess and estimate room condition and property features. By unlocking data from property photos, homegeniusIQ helps inform a property's value and substantially improves the home search process, allowing home buyers to conduct better searches and glean deeper insights. Its cutting-edge models can identify and assess room type, room condition and more than 50 objects inside and outside of a home that impact its value—breaking down the biggest barrier to meaningful automated real estate insights. At homegeniusrealestate.com, users can also upload photos to search for properties that match their desired attributes, instantly translating a dream home “vision board” into an array of listings that are available on the market. All personalizations can be saved by consumers to allow them to apply their dream home requirements to any neighborhood or market, instantly. “Artificial intelligence is poised to truly transform the way home buyers and agents buy and sell homes, and homegeniusIQ is at the leading edge of the revolution,” said Eric Ray, senior executive vice president, chief digital officer and co-head of homegenius. “By allowing home buyers to upload photos that illustrate what they’re looking for in a kitchen, bedroom, bathroom and/or family room, homegeniusIQ enables users to match their vision of a dream home to a property in the real world.” Highlights of homegeniusIQ’s artificial intelligence, image technology: Automatically analyzes property photos to identify and assess a home’s condition. Identifies objects, finishes and materials that impact the potential consumer value. Intelligently evaluates property condition to offer more accurate value estimates and refine search results. “homegeniusIQ powers the homegenius Real Estate search, offering a totally new way to search for a home,” said Brien McMahon, senior executive vice president, chief franchise officer and co-head of homegenius. “Our proprietary AI technology makes it possible to conduct searches based on a home’s appearance and condition — far beyond what’s possible with conventional search filters — to help homebuyers find exactly what they’re looking for.” About homegenius homegenius Inc., a subsidiary of Radian Group Inc. (NYSE: RDN), and its family of companies combine an array of title, real estate and technology products and services into a full-service ecosystem. homegenius offers innovative experiences from search to close, enabling mortgage lenders, mortgage and real estate investors, consumers, GSEs, and real estate brokers and agents to benefit from integrated and personalized solutions leveraging advanced technology and the latest advancements in data science, machine learning and artificial intelligence. Real estate services provided by homegenius Real Estate LLC and homegenius Real Estate Inc. (collectively dba homegenius Real Estate), each a subsidiary of homegenius Inc. 7730 South Union Park Avenue, Suite 400, Midvale, UT 84047. Tel: 1-877-500-1415. homegenius Real Estate LLC and its wholly owned subsidiary are licensed in every state and the District of Columbia. For additional information on the homegenius family of companies, please visit homegenius.com.

Read More

AGENT, REAL ESTATE INVESTMENT

Parvis Announces Co-Agency Agreement With Equiton To Distribute Two Of Its Funds

PRnewswire | May 08, 2023

Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company"), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced a co-agency agreement with Equiton, a leading Canadian private equity real estate investment firm, to distribute two Equiton products on the Parvis platform. Through this co-agency agreement, investors registered on the Parvis platform will have turnkey access to a leading private real estate investment trust (REIT) opportunity with monthly distributions in addition to the varying, premium development projects listed on the platform. The two funds set to be listed include the Equiton Apartment Fund and Equiton Income and Development Fund, both designed to provide investors with access to a diversified portfolio of institutional quality real estate investments. "We believe in Canadian real estate. Its strong fundamentals have helped many people build wealth for their families. That's why we're so excited about this partnership with Equiton, " said David Michaud, Chief Executive Officer of Parvis. "From the beginning, we've wanted to build a platform that helps more people build long-term value and wealth. But investors who want access to private real estate investment face barriers. Now, through our tech-enabled platform, we can provide access to both individual and pooled investment opportunities - allowing investors to find the right fit for them, no matter what their investment objectives might be, with little hassle. This is an important step forward for our business, and I couldn't be more excited about it." As of May 2, 2023, the Equiton Apartment Fund comprises 32 properties across 17 communities in Ontario and Alberta, with a total of 2,548 residential units with a targeted annual net return of 8-12% per year. The Equiton Income and Development Fund provides access to a diversified portfolio of institutional grade real estate assets including income producing (commercial/industrial/lending) as well as development projects. The Fund targets an average annual net return of 12% to 16% over a 10 year period. Both Funds specialize in acquiring multi-residential properties in Canada and increasing their value through active management and monthly distributions to investors from rental income and capital appreciation. The listing of these funds follows Parvis' signing of an agreement to provide Exempt Market Dealer (EMD) services to Harvestd and Parametric, which opened up an exciting vertical for the company. About Parvis Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, and Montreal. About Equiton Founded in 2015, Equiton is a recognized leader in private equity investments. We partner with advisors to offer easy access to all types of investment grade real estate through our proven, high-performing investment solutions that provide a variety of benefits including cash flow and capital appreciation. Our real estate expertise and dedication to investors led to tripling of our AUM from 2020 to 2022 during a global pandemic. Our exponential growth is a direct outcome of our leadership team understanding how the industry works and how to create long-term wealth through real estate investing.

Read More

REAL ESTATE TECHNOLOGY, BUYING/SELLING

Rently Partners with TransUnion to offer the Fastest and Most Accurate Tenant Screening for Single Family Rental Properties

PRnewswire | April 06, 2023

Rently, the leader in self-touring and smart home technology solutions, is pleased to announce a partnership with TURSS, a subsidiary of TransUnion (NYSE: TRU) to provide single-family property managers with an automated leasing application that helps eliminate rental fraud, streamlines business operations, and ensures quality tenants. Rently's "3-in-1" rental application uses multi-layer security features and innovative AI technology to instantly verify renter ID, income, and credit history. Using information provided by touring renters, Rently's application can be pre-filled up to 30%, connected immediately to bank accounts and TransUnion for financial verifications, and approved within hours. "Rently is excited to expand our portfolio of smart leasing tools with an innovative product that helps our clients find the best possible tenants," said Merrick Lackner, Rently CEO. "Rently's 3-in-1 rental application continues our commitment to creating real value for our customers." "TransUnion's TruVision™ Resident Score was specifically created for the rental housing industry to provide the most predictive benefit of reducing bad debt through lower evictions and skips," said Maitri Johnson, vice president of tenant and employment screening at TransUnion. "We provide a comprehensive view of each applicant to help property managers choose the most qualified tenants, while remaining fully compliant with the Fair Housing Act." In addition to providing renters with a superior experience, Rently's application also saves renters money because it can be transferred across multiple homes under the same management company and used by multiple renters applying as roommates. Renters can also avoid unnecessary application fees by using Rently's iQual+™, a feature that helps them avoid applying to homes they may not qualify for. Rently's application seamlessly integrates with its popular touring and smart home platform, and managers can view listings and applicants from the same desktop portal. Because it can be easily added through open integration, Rently's application is ideal for clients looking for a flexible "plug and play" solution. About Rently Rently is the leader in self-touring and smart home technology. We offer best-in-class proptech solutions for the rental housing industry. We combine top-tier hardware with an innovative software platform that allows real estate operators to optimize their leasing efficiency and expand revenue opportunities. Rently.com About TransUnion (NYSE: TRU) TransUnion is a global information and insights company with over 12,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. https://www.transunion.com/business

Read More

MARKET OUTLOOK, REAL ESTATE TECHNOLOGY

homegenius Real Estate Rolls Out Cutting Edge AI-Powered Home Search, Unlocking Property Intelligence from Listing Photos

Businesswire | May 30, 2023

homegenius Real Estate has unveiled an Artificial Intelligence (AI)-powered home search portal at www.homegeniusrealestate.com that provides home buyers and sellers with an unprecedented level of property intelligence about active listings, driven by the company’s homegeniusIQ technology. homegeniusIQ applies proprietary artificial intelligence harnessing image recognition and computer vision technology to analyze real estate images to assess and estimate room condition and property features. By unlocking data from property photos, homegeniusIQ helps inform a property's value and substantially improves the home search process, allowing home buyers to conduct better searches and glean deeper insights. Its cutting-edge models can identify and assess room type, room condition and more than 50 objects inside and outside of a home that impact its value—breaking down the biggest barrier to meaningful automated real estate insights. At homegeniusrealestate.com, users can also upload photos to search for properties that match their desired attributes, instantly translating a dream home “vision board” into an array of listings that are available on the market. All personalizations can be saved by consumers to allow them to apply their dream home requirements to any neighborhood or market, instantly. “Artificial intelligence is poised to truly transform the way home buyers and agents buy and sell homes, and homegeniusIQ is at the leading edge of the revolution,” said Eric Ray, senior executive vice president, chief digital officer and co-head of homegenius. “By allowing home buyers to upload photos that illustrate what they’re looking for in a kitchen, bedroom, bathroom and/or family room, homegeniusIQ enables users to match their vision of a dream home to a property in the real world.” Highlights of homegeniusIQ’s artificial intelligence, image technology: Automatically analyzes property photos to identify and assess a home’s condition. Identifies objects, finishes and materials that impact the potential consumer value. Intelligently evaluates property condition to offer more accurate value estimates and refine search results. “homegeniusIQ powers the homegenius Real Estate search, offering a totally new way to search for a home,” said Brien McMahon, senior executive vice president, chief franchise officer and co-head of homegenius. “Our proprietary AI technology makes it possible to conduct searches based on a home’s appearance and condition — far beyond what’s possible with conventional search filters — to help homebuyers find exactly what they’re looking for.” About homegenius homegenius Inc., a subsidiary of Radian Group Inc. (NYSE: RDN), and its family of companies combine an array of title, real estate and technology products and services into a full-service ecosystem. homegenius offers innovative experiences from search to close, enabling mortgage lenders, mortgage and real estate investors, consumers, GSEs, and real estate brokers and agents to benefit from integrated and personalized solutions leveraging advanced technology and the latest advancements in data science, machine learning and artificial intelligence. Real estate services provided by homegenius Real Estate LLC and homegenius Real Estate Inc. (collectively dba homegenius Real Estate), each a subsidiary of homegenius Inc. 7730 South Union Park Avenue, Suite 400, Midvale, UT 84047. Tel: 1-877-500-1415. homegenius Real Estate LLC and its wholly owned subsidiary are licensed in every state and the District of Columbia. For additional information on the homegenius family of companies, please visit homegenius.com.

Read More

More featured news