Industry Reaction To The Latest Rightmove House Price Index

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Industry Reaction To The Latest Rightmove House Price Index
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Industry reaction to the latest Rightmove House Price Index report.

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Commentary On The Rightmove House Price Index

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invest Southpoint CapitalA decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More

Managing Director of Barrows and Forrester, James Forrester, commented:

“The availability of stock on the market is the lifeblood of the property market and if it’s significantly short in volume.

As a result, we can expect to see prices soar ever skyward as demand continues to outstrip supply, regardless of the fact that the stamp duty bonanza may have finished.”

Founder & Managing Director of Yes Homebuyers, Matthew Cooper, commented:

“History tells us that such a meteoric rate of house price growth simply isn’t sustainable. The past 12 months or so may well have been good for the property industry and for sentiment overall however caution now prevails as we enter a second year of wildly increasing property values - a bubble if ever there was.

The spectre of higher inflation and the Bank of England potentially responding with the blunt instrument of an increase in interest rate rather adds to the peril.”

Founder and CEO of GetAgent.co.uk, Colby Short, commented:

“The time it’s taking to sell a home has plummeted to just 38 days in June, an all time low. However, it’s important to note that this is the time it’s taking to agree a sale, not complete it, and sizable delays remain at the final stage of the transaction timeline.

Now that the support from the temporary stamp duty relief has all but ended, we will inevitably see the market return to normality with demand diluting somewhat, price growth softening and time-to-sell increasing back to 45 to 50 days.”

Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)www.valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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