UK property prices down 0.3% in June, says latest lender index

Halifax | July 05, 2019

Residential property prices fell by 0.3% in June to an average of 237,110 with the market described as stable, according to the latest lender index. The figures from the Halifax also show that prices re 5.7% higher than a year ago but managing director Russell Galley pointed out that this figure needs to be seen against the backdrop of particularly low growth in the corresponding period in 2018 which has had an impact on year on year comparisons.

Spotlight

The global financial crisis has caused an important structural shift in investor preferences towards alternative investments and away from more volatile equity markets. In addition, bond yields have plummeted in the aftermath of the crisis, leaving investors without the ability to generate income. In essence, the crisis highlighted a flaw in the way many investors approach portfolio diversification simply having a range of mutual funds with access to different “sectors” may not be enough to create appropriate diversification. For instance, while the underlying investment of a publicly traded Real Estate Investment Trust (REIT) may include real estate, an investor’s allocation can behave very much like the S&P500. Institutions have implicitly acknowledged the limitations of equity market investments for decades, with most maintaining a large allocation to private investments, including real estate.

Spotlight

The global financial crisis has caused an important structural shift in investor preferences towards alternative investments and away from more volatile equity markets. In addition, bond yields have plummeted in the aftermath of the crisis, leaving investors without the ability to generate income. In essence, the crisis highlighted a flaw in the way many investors approach portfolio diversification simply having a range of mutual funds with access to different “sectors” may not be enough to create appropriate diversification. For instance, while the underlying investment of a publicly traded Real Estate Investment Trust (REIT) may include real estate, an investor’s allocation can behave very much like the S&P500. Institutions have implicitly acknowledged the limitations of equity market investments for decades, with most maintaining a large allocation to private investments, including real estate.

Related News

REAL ESTATE TECHNOLOGY

ShaikhTech introduces Matterport's innovative AI digital twin technology to the UAE's real estate and construction market

ShaikhTech | November 03, 2021

ShaikhTech, a Dubai based innovative technology company, announced its enhanced strategic contribution to the UAE's technology sector through Matterport's' revolutionary all-in-one 3D data platform. ShaikhTech is the official partner in the Middle East for Matterport (Nasdaq: MTTR), an American company that is the global leader in 3D VR technologies and 4K-quality immersive virtual reality tours. This year, ShaikhTech was chosen to feature the revolutionary Matterport technology at GITEX 2021, the largest technology exhibition and conference in the Middle East. ShaikhTech was selected to be a part of GITEX Future Stars, a program that showcases innovative technologies from around the world. Through the introduction of Matterport's 3D virtualisation technology in the region, ShaikhTech is facilitating remote monitoring capabilities for the construction and real estate sector by enabling virtual tours and the creation of 3D digital twin models using artificial intelligence (AI). The cutting-edge technology means that Matterport allows remote collaboration through digital twins by teams improving communication, speeding execution, reducing costs and reducing the carbon footprint. "We are honoured to have been selected to be part of 2021 GITEX Future Stars and have the opportunity to showcase this revolutionary technology leading the digitisation of the built world. A 3D digital twin of a property allows a 'one source of truth' which anyone can view and see the current status of any built space whether it is residential villas, commercial buildings, hotels, retail stores, factories, power plants, public transit. Particularly during the covid pandemic when travel was restricted, the Matterport technology was a God send allowing architectural and construction teams the freedom collaborate seamlessly across geographies." - Zeeshan Shaikh, CEO of ShaikhTech Matterport, the industry standard for 3D digital twin capture has focused on honing the immersive 3D experience for a wide range of audiences, from individuals to Fortune 500 companies, located across more than 150 countries. Apart from real estate promotion, Matterport's technology has transformed capabilities in a variety of industries, including architecture, engineering, and construction (AEC), facilities management, hospitality, interior design, insurance, restoration, retail, travel, and tourism. About ShaikhTech ShaikhTech is a Dubai based technology company involved in property technology (Proptech), virtual reality (VR) / augmented reality (AR) technologies, mobility, IOT and robotics sectors. It is the official partner in the Middle East for Matterport (Nasdaq: MTTR), the global leader in 3D VR technologies and 4k quality immersive VR tours. Shaikh Tech provides digital solutions that are beneficial for numerous sectors with a special focus on real estate, tourism, hospitality, retail, media, design, trade, logistics and are honoured to be part of Dubai's Industrial Strategy 'For the Good of Tomorrow'.

Read More

REAL ESTATE TECHNOLOGY

With Chainlink, SmartZip Brings Real Estate Data to the Blockchain

SmartZip | May 11, 2021

SmartZip is eager to declare that they will join Chainlink's market-driving decentralized prophet network by dispatching their Chainlink hub. The Chainlink hub fills in as secure blockchain middleware that makes existing SmartZip APIs viable across driving blockchain networks. Through this new Chain Link hub, SmartZip can supply their exclusive land information including property costs, rental rates, provincial patterns, and prescient evaluating models to blockchain applications (also known as brilliant agreements). Furthermore, the Chainlink hub cryptographically signs all information communicated on the blockchain, giving clients cryptographic confirmation of the information's respectability as beginning from a SmartZip API. The Chainlink hub not just grows SmartZip's compass as an information supplier by broadening their top-notch datasets into arising blockchain markets, yet arrangements new sorts of land items and markets. Engineers can utilize SmartZip's information to create information-driven shrewd agreement applications that settle expectation markets based on future house estimations, ascertain the worth of NFTs that address land, or supply confided in benchmarks before executing exchanges of tokenized properties. SmartZip Expanding Services to the Chainlink Network SmartZip's exclusive prescient examination model totals information from 24 sources and contains more than 1 billion information focuses on private land, including modern market valuations, rental wages and other key information focuses. With blockchain's capacity to both digitize land as tokenized resources and lessen mediator failures in the business, there is a developing chance to bring SmartZip's exceptional land information on-chain and backing these new business sectors. Since blockchains are deliberately disengaged from outside frameworks to guarantee their security and dependability, savvy contracts have no inherent ability to get to off-chain SmartZip API information. This absence of outside availability requires the utilization of an extra piece of foundation known as a blockchain prophet to bring outer API information into blockchain networks. Chainlink, the most broadly embraced prophet network in the blockchain business, offers a dependable, industry-standard prophet answer for making SmartZip's land information open to a tremendous pool of savvy contract engineers. Chainlink gives various highlights that put it aside from different arrangements, for example, • Information Signing - The Chainlink hub cryptographically signs each piece of information SmartZip posts on-chain, forestalling man-in-the-center assaults and expanding its unwavering quality in mechanizing contract results. • Blockchain Agnostic - The Chainlink hub is blockchain-skeptic, furnishing SmartZip with a solitary entryway to offer information to any current and future blockchain. • Enormous Market - Chainlink is the most broadly utilized prophet arrangement in the keen agreement economy, giving a huge and developing business sector of potential information customers. • Secure Infrastructure - Chainlink is completely reviewed open-source programming that all in all gets billions of dollars in esteem on mainnet, demonstrating its capacity to ensure and trigger the development of genuine monetary worth. "Chainlink offers SmartZip a speedy, simple, and secure answer for progressing our present API foundation to help blockchain networks," said Robert Reardon, General Manager of SmartZip. "In addition to the fact that this opens up new income streams in a developing business sector, yet it's a future-evidence arrangement that can undoubtedly scale to help an assortment of new blockchains and applications. This saves us a lot of time and assets while presenting our information to another decentralized economy." Joining the Chainlink Network as a hub administrator permits SmartZip to partake in the developing savvy contract economy by giving premium information to new types of decentralized and transparently available housing markets. As more land advances to blockchains, SmartZip's information can uphold a developing assortment of new applications, for example, the land being utilized as security in decentralized account (DeFi) items to get advances or property-put together NFTs that exchange concerning decentralized trades (DEXs). About SmartZip Smart zip is the head of prescient examination in the land. With Smartzip, engineers can undoubtedly coordinate the most extensive land data set into their applications including property estimations, rental rates, probability of selling, and much more.SmartZip is important for the Constellation Real Estate Group, an arrangement of vertical market programming organizations inside Constellation Software, Inc. The Constellation Real Estate Group gains and puts resources into innovation organizations in the land vertical that is focused on giving inventive, long-haul arrangements and associations to the clients they serve. About Chainlink Chainlink is the most generally utilized and secure approach to control all-around associated brilliant agreements. With Chainlink, engineers can interface any blockchain with excellent information sources from other blockchains just as genuine information. Overseen by a worldwide, decentralized local area of a huge number of individuals, Chainlink is presenting a more pleasant model for contracts. Its organization as of now gets billions of dollars in incentive for brilliant agreements across the decentralized money (DeFi), protection, and gaming environments, among others. Chainlink is trusted by many associations to convey authoritative truth through secure, solid information takes care of.

Read More

MARKET OUTLOOK

SmartRent Announces Integration With AppFolio Property Manager

SmartRent | September 09, 2021

SmartRent, provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, announced today it now integrates with AppFolio Property Manager, an innovative cloud-based solution designed to enable property management businesses to digitally transform their business, address critical business operations and enable exceptional customer service. The integration for customers of AppFolio Property Manager Plus, designed for larger businesses with more complex needs, enables the automated synchronization of units, leases, residents and service orders from AppFolio Property Manager with SmartRent’s Internet of Things (IoT) smart home technology. “At AppFolio we are continually looking for new ways to deliver efficiency gains that allow our customers to focus on what matters most – managing and growing their business,” said Shane Trigg, General Manager, Real Estate for AppFolio. “This integration will allow AppFolio Property Manager customers to leverage the power of smart home automation across their portfolio.” The partnership allows SmartRent to deliver its smart home and property technology to a new segment of the housing market while aligning with a technology provider similarly known for its customer-centric approach. “We’re excited to integrate with AppFolio Property Manager, which shares our focus on delivering innovative solutions to the real estate industry,” said Mitch Karren, Chief Product Officer for SmartRent. “Through this integration, we are extending our ability to serve owners and operators across multifamily and single-family properties, and we’re excited to broaden the SmartRent footprint in the industry.” About SmartRent Founded in 2017, SmartRent is an enterprise smart home automation platform company for property managers and renters. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering additional revenue opportunities through all-in-one home control offerings for residents. For more information, please visit smartrent.com.

Read More